Industry & Business

Scottish innovation and investment hub in Dublin to increase trade

Scottish innovation and investment hub in Dublin to increase trade

November 09
15:09 2015

Fiona Hyslop said that Scotland’s relationship with Ireland, is a clear demonstration of nations working together which symbolises exactly what the EU is all about

Today Fiona Hyslop, the Scottish Cabinet Secretary for Culture, Europe and External Affairs announced the appointment of John Webster to the new Scottish innovation and investment hub in Dublin.

Mr Webster, who is well known in Ireland for his work in the British Embassy, will lead a dedicated Scottish team to form new and enhance business relationships on both sides of the Irish Sea. The Scottish Government’s innovation and investment Dublin hub in the British Embassy will open in January 2016.

The hub is part of the Scottish Government’s Programme for Government. It will provide dedicated support to enhancing high-value economic, academic and innovation partnerships between Scotland and Ireland.

Scottish exports to Ireland are worth £920 million, according to the latest figures.

Speaking in Dublin, Cabinet Secretary for Culture, Europe and External Affairs, Fiona Hyslop, said: “Investment from Ireland is vital to Scotland and supports around 6, 000 jobs. Exports from Scotland to Ireland also support the Scottish economy to the tune of £920 million. The Dublin hub will provide firms with additional support to help them grow. Our dedicated staff will also have the expertise to give them an insight into what businesses are looking for.”

“John Webster is a well-known diplomat here in Ireland and I welcome his appointment. John brings a wealth of experience to the Dublin hub and I’m sure his team will work well under his leadership. I look forward to returning to Ireland next year to discuss their achievements,” she added speaking at the European Movement conference today.

Latest figures show that Enterprise Ireland client companies achieved at least €270 million in exports to Scotland in 2013 and the UK is Ireland’s most important trade partner, with two-way business valued at €1 billion per week.

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