Contractors could benefit from Scotland’s food and drink industry creating thousands of new jobs
Contractors working within the food and drink industry will be interested to hear that a new survey has shown that the £12 billion industry will be increasing investment and creating new job opportunities.
The Bank of Scotland’s report ‘An Appetite for Growth: Ambition and Opportunity, surveyed a broad cross section of over 100 Scottish food and drink businesses with an estimated aggregate turnover of £6 billion.
Two-thirds of the companies surveyed expect to increase their workforce in the next five years and of the companies surveyed, respondents were confident of at least new 940 jobs between them over the next five years.
According to the Bank of Scotland, if these findings were replicated across the wider food and drink production sector it could mean more than 5,600 additional jobs will be created.
Alasdair Gardner, Managing Director of Commercial Banking at Bank of Scotland, said, “Scotland’s food and drink sector already makes a tremendous contribution to Scotland’s economy and these results show that will only increase over the coming of years. The creation of more than 5,600 jobs will be a very welcome boost to communities across Scotland as economic recovery continues.
“This is our second annual market survey on Scotland’s Food and Drink sector and following the opportunities we identified in last year’s survey, I’m delighted to see that overall confidence levels remain high and the sector is pushing ahead delivering record growth. The reality is that if this level of growth continues we will see levels of growth in the food and drink industry that could soon be alongside oil and gas on the export market.
“Scotland produces a fantastic array of food and drink products and this reputation for world class quality is enabling Scottish businesses to tap into the huge enthusiasm among global consumers for provenance.”
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