finance

Business leaders appointed to new economic advisory council



Business leaders, academics and economists have been appointed to a new advisory council to help shape a 10-year National Strategy to drive Scotland’s economic transformation as the country recovers from coronavirus and transitions to a net zero economy.

A statement from the Scottish Government explained that it plans to help unleash entrepreneurial potential and grow Scotland’s competitive business base, prioritising investment in the industries of the future.

The full strategy is expected to publish late autumn. Drawing on their experience and contacts, the new members will use their insight to bring forward bold ideas to transform the economy.

People across Scotland are also being encouraged to share their views on how the country can work together to deliver greater, greener and fairer prosperity.

Economy Secretary Kate Forbes said: “The pandemic has led to fundamental shifts in sectors such as retail, and changed the way many businesses operate with more online trading and remote working – we need to build on these innovations and guide our economy to the industries and opportunities of the future.

“Our 10-year National Strategy for Economic Transformation will utilise the expertise of business, trade unions and economists to deliver a focussed plan of actions and projects to help transform our economy and help us reach net zero.

“I want to thank the members of the council for agreeing to play such a crucial role in the development of our bold and ambitions economic strategy.”

Chaired by Forbes, the council consists of 17 members who will work over the summer and early autumn to put forward bold ideas on how to transform the Scottish economy.

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After the strategy is published later this year, a smaller group of members will be asked to oversee its implementation.

The members of the council are:

Name

Title

Maggie McGinlay

Chief executive of Energy Transition Zone

Lynne Cadenhead

Chair of Women’s Enterprise Scotland

Chris van der Kuyl

Founder, owner and chairman of 4J Studios

Sean McGrath

Cheif executive of Entrepreneurial Scotland

Dame Sharon White

Chair of John Lewis Partnership

Mark Logan

Chief executive of Skyscanner

Nick MacPherson

Former Permanent Secretary to the Treasury

Sir Anton Muscatelli

Principal of the University of Glasgow

Jamie Grant

Managing director and head of Corporate Banking Scotland

Roz Foyer

General secretary of the Scottish Trades Unions Congress

Professor Graeme Roy

Dean of external engagement at University of Glasgow

Jackie Brierton

Chief executive of GrowBiz

Cllr John Alexander

Chair of Scottish Cities Alliance and leader of Dundee Council

Mark Blyth

Director of the William R. Rhodes Centre for International Economics and Finance at Brown University

Mariana Mazzucato

Professor in the Economics of Innovation and Public Value, University College London, and founder of the UCL Institute for Innovation & Public Purpose

Emma Parton

Founder of Highland Soap Company

Members of the public and stakeholders are invited to share their views, suggestions and opinions on the development of the National Strategy For Economic Transformation over the next eight weeks.

This establishment of this new advisory council marks the end of the existing Council of Economic Advisers, with many members continuing to advise the Scottish Government.

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