Building a New Scotland: A stronger economy with independence

This paper sets out the Scottish Government’s proposals for the economy of an independent Scotland. It explains what these proposals would mean for you, for businesses, and for Scotland as a whole. It is the third in the 'Building a New Scotland' series, focusing on independence.

What our proposals would mean for you

We will use the full powers of independence to build an inclusive, fair, wellbeing economy that works for everyone in Scotland. The proposals in this publication are designed to allow you to:

  • have lower energy prices and security of supply by increasing and diversifying our electricity generating capacity, making better, greener use of Scotland’s abundant natural energy resources
  • have a better, fairer working life, including improved access to flexible working, greater job security through strengthened workplace rights and, if you are a young person, the same minimum wage as everybody else
  • escape a UK economic model that concentrates wealth in London and the South East of England, while producing inequality, low investment, and low productivity
  • regain your European citizenship and the right to study, work and live across the European Union
  • retain free movement across these islands, including in the UK and Ireland
  • keep using the pound sterling, until the time is right to move to a Scottish pound
  • benefit directly from investments from the Building a New Scotland Fund, with an investment of up to £20 billion in major infrastructure only possible with independence, designed to give Scotland the best start as an independent country, including investment in more energy-efficient homes, greener transport, better digital and mobile connectivity, and more affordable housing
  • take part in new ways for communities to own and steer the economy, including through direct stakes in local developments
  • live in a country where decisions about how we use our assets, talents and resources reflect our values and democratic choices, allowing Scotland to develop the kind of inclusive consensus-driven economic policies that serve other European countries so well.



Back to top