Food manufacturing growing twice as fast as UK average.
The annual turnover for the food and drink industry reached record levels of £14.4 billion in 2014.
These latest figures also reveal that the food manufacturing sector grew at twice the rate of the UK average, increasing by 43 per cent in Scotland compared to 21 per cent in the UK from 2008-2014.
Welcoming the figures at the start of Scottish Food & Drink Fortnight, Cabinet Secretary for Rural Economy and Connectivity Fergus Ewing said:
“The food and drink sector continues to be one of our most successful and that success shows no sign of slowing down. The industry is vital to Scotland - it creates jobs and wealth, impacts on health and sustainability, and helps attract people to the country by promoting our food and drink around the globe.
“This record turnover means that the sector is making good progress towards meeting the 2017 target of £16.5 billion, which has been set by Scotland Food & Drink. We are committed to doing all we can in government to support the growth of food and drink production and the contribution it makes to Scotland’s economy.
“Behind all of these figures are the drive and determination of the people who make up the industry - their hard work is key to ensuring, that Scotland’s food and drink is a success.”
Scotland Food & Drink Chief Executive James Withers also welcomed the announcement.
“These are great figures and testament to a transformation in food and drink activity in Scotland over the last few years.
"The sector is not without challenges and uncertainty, but for a sector whose growth was stagnant a few years ago, this has been a major turnaround. The Scottish industry is now being recognised internationally for how it has embraced collaboration to grow, forging a stronger global reputation for our products.
“Opportunities still abound at home and overseas. We're investing in developing new customers across the UK and in key international markets. That work, alongside deeper partnership working between different industry bodies and government, will be the key to success in the coming years and central to a new 2030 strategy to be launch early next year.”
The full statistics can be accessed from the Growth Sector Database: http://www.gov.scot/Topics/Statistics/Browse/Business/Publications/GrowthSectors
Scottish Food & Drink Fortnight runs from 3 – 18 September. More information can be found here: http://fooddrinkfort.scot/
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