Driven by an exemplary private-public partnership in the shape of Perth City Leadership Forum and the Invest in Perth, Perth’s resilient economy has been built on a clear and purposeful strategy focused on sustainability and innovation.
Perth has raised its game dramatically in recent years, with 12% growth in GVA and with £600m currently committed to projects in and around the city and wider region, significant economic impact is anticipated over the next decade.
Economically, Perth city region punches well above its weight, with an impressive regional productivity figure of £58,700 – some £8,300 per job higher than the Scottish productivity average of £50,400.
This stems, in part, from being one of the country’s highest performing regions for employment with 77% of the eligible population currently in work – 4% higher than Scotland as a whole. 80% of the population is considered to be economically active with higher than average levels of affluent achievers and comfortable communities all constant in Perth’s demographic make-up.
Competitive land and commercial rates, a high quality of living, a growing population and one of the country’s most well-connected locations all contribute towards the economic stability of the area.