Perth City region: Economic Overview
Perth City Region is one of Scotland’s fastest growing areas, delivering a supportive and collaborative environment in which to start, grow or relocate your business to. From major PLCs, such as Highland Spring, Stagecoach and SSE (all headquartered in the city region), to the many innovative and market-leading SMEs across the region, the area performs strongly in a number of key economic sectors.
Food & Drink
With its growing population and enduring tourist appeal, Perth City Region is home to almost 1,000 food and drink businesses – the largest concentration for any city region in Scotland. Among the numerous restaurants in Perth itself, many showcase the fantastic local produce from Perthshire’s rich farmland, mountains, lochs and rivers.
Whether for day trips or longer stays, Perth’s historic and cultural attractions ensure the area is always a firm favourite, attracting more than 1.9m tourists annually. Tourism accounts for around 12% of total employment in the area, and this is set to increase.
Perth city offers a truly unique and distinctive opportunity to retailers. Its proposed growth will supplement a current retail catchment population of 338,000, who live within a half hour drive time of the city centre and provide estimated core catchment expenditure of £631m annually.
Renewables and Clean Technology
With its easy access to world-leading research the Perth city region provides a hub of like-minded businesses to inspire and support commercial eco-innovation. National and international businesses are developing products and services here that will shape future best practice in resource efficiency.
Financial and Business Services
Perth is one of seven UK Centres of Excellence for insurance giant Aviva, where operations are focused on serving the company’s 13 million UK home insurance customers. The city’s reputation for financial expertise traces its origins back to the establishment of General Accident in the city in 1885. (Insurance accounts for one in four of the 8,000+ jobs within financial services in the region.)
Across all the key sectors, the area’s success is built on a highly attractive cost base and its highly skilled workforce, who will support your
business as it grows.
|Employment by Broad Sector 2014, Perth & Kinross||Number in Employment||%|
|Mining, quarrying & utilities||2,200||3|
|Transport & storage||2,100||3|
|Accommodation & food services||7,700||12|
|Information & communication||500||1|
|Financial & insurance||1,700||3|
|Professional, scientific & technical||3,300||5|
|Public admin & defence||3,300||5|
|Arts, entertainment, recreation & other||3,300||5|
Source: Business Register and Employment Survey
Gross Value by Sector
|Wholesale, retail and repairs||*|
|Transport and storage||88.0|
|Accommodation and food service activities||164.0|
|Information and communication||35.2|
|Real estate activities||54.0|
|Professional, Scientific and Technical Activities||164.3|
|Administrative and support service activities||115.3|
|Education, human health and social work activities||72.0|
|Arts, entertainment and recreation||51.3|
|Other service activities||37.1|
Source: Office for National Statistics, Annual Business Survey* = data not available for publication
|Sector||Perth City Region||Scotland|
|Wholesale, retail and repairs||£17,251||£16,231|
|Transport and storage||£31,222||£33,118|
|Accommodation and food service activities||£11,302||£9,670|
|Information and communication||£27,233||£35,612|
|Real estate activities||£18,883||£19,167|
|Professional, Scientific and Technical Activities||£25,585||£32,373|
|Administrative and support service activities||£17,122||£21,385|
|Education, human health and social work activities||£19,114||£22,373|
|Arts, entertainment and recreation||£13,471||£15,712|
|Other service activities||£13,783||£15,325|
Source: Office for National Statistics, Annual Business Survey