Industry unveils growth plan for Scotland’s Aerospace, Defence, Marine & Security Sectors
Scotland’s industry leaders in the aerospace, defence, marine and security (ADMS) sectors have set out an ambitious growth plan for the next five years to develop Scotland’s supply chain and retain a greater share of revenue north of the border.
A new industry-led strategy – dubbed the Industrial Strategy for Scotland 2016 – has been launched by Scottish Enterprise (SE) setting out the key goals and actions required to achieve real-term growth for the ADMS sector of between 6 and 10 per cent by 2020.
According to SE, Achieving sector growth on this scale could deliver significant economic benefits, including up to £500m in additional revenue per year, up to 3,000 new or replacement jobs and substantial CO2 reductions from disruptive new technologies.
The new Industrial Strategy for Scotland 2016 recognises the long-term value of attracting and retaining large companies to the sector in Scotland and identifies the growth of Scotland’s supply chain as critical to the long term growth of the sector. The significance of the supply chain is based on analysis by Scottish Enterprise suggesting there is huge potential within Scotland’s Original Equipment Manufacturers (OEMs) and large companies to retain revenues within Scotland through focused activity and investment.
By setting out its vision for growing the ADMS sector, the plan also aims to support SE’s goal of increasing Scotland’s manufacturing output, while aligning with Scotland’s economic strategy for increased internationalisation, innovation, investment and inclusive growth.
To achieve the plan, the Industry Leadership Group (ILG) has set out six clear calls to action for industry:
Increase awareness of large ADMS companies operating in Scotland and the opportunities for SMEs to supply those companies
Develop a more competitive supply base amongst Scotland’s high potential SMEs
Encourage more young people to choose STEM careers
Sustain growth in Scotland’s target export markets
Reduce the time to market for technology in the ADMS supply chain
Increase the awareness of funding and support amongst SMEs