We aim to make Scotland a more successful country by building on our economic strengths and creating opportunities for all.
Our National Strategy for Economic Transformation sets out what we will do to create a more prosperous, fairer and greener economy that works for everyone.
It also sets our vision for a wellbeing economy: a society that is thriving across economic, social and environmental dimensions, and that delivers prosperity for all Scotland’s people and places, within environmental limits.
We will deliver change by focusing on five key areas:
- entrepreneurial people and culture: we will invest in Scotland’s world-class culture of innovation and entrepreneurship
- new market opportunities: we will capitalise on opportunities created by new markets and the green economy to create new, well-paid jobs
- productive businesses and regions: we will support Scotland’s businesses, regions, industries, communities and public services to increase productivity and innovation
- skilled workforce: we will equip people with the skills they need at every stage of life, and work with employers to meet their skills requirements
- a fairer and more equal society: we will work to ensure fair work is at the heart of our economy, with high rates of employment and wage growth and better outcomes for families and communities
We will also focus on a culture of delivery and draw on the strengths of people and organisations from all sectors of the economy to realise our ambitions.
Find out more
- Scotland's National Strategy for Economic Transformation: full document
- Scotland's National Strategy for Economic Transformation: summary
Watch a video on the National Strategy for Economic Transformation
Supporting and related documents
- Scotland's National Strategy for Economic Transformation: evidence paper
- Scotland’s National Strategy for Economic Transformation: evidence from industry leadership and sector groups
- Scotland’s National Strategy for Economic Transformation: analysis of stakeholder engagement
An 'easy read' version of the Strategy will be available soon.
Supporting the National Strategy for Economic Transformation
The National Strategy for Economic Transformation is supported by:
- The Advisory Council on Economic Transformation
- Scotland’s enterprise and skills agencies who play a key role in supporting economic and social development in Scotland - Scottish Enterprise, Highlands and Islands Enterprise, South of Scotland Enterprise, Skills Development Scotland, Business Gateway and Find Business Support
- the Scottish National Investment Bank, the first mission-oriented investment bank in the UK
- consulting on the economy with partners and stakeholders to determine how best to achieve our aims
- producing economic statistics and publications to provide detailed information on Scotland’s economy and evidence for economic policy
- the National Performance Framework and Scotland Performs, whose targets and indicators measure and report progress towards improving Scotland’s performance
- the Wellbeing Economy Monitor which provides a baseline for assessing progress towards the development of a wellbeing economy in Scotland
- the network of Wellbeing Economy Governments (WEGo), established by the governments of Scotland, Iceland, and New Zealand in 2018 to engage, share and promote innovation in policy making to achieve greater wellbeing through their economic approach
The National Strategy for Economic Transformation has been written in conjunction with business leaders, academics, trade unions and economists that were appointed to an Advisory Council.
It updates the previous economic strategy published in 2015.
Office of the Chief Economic Adviser
St Andrews House