Report shows confidence in Scottish salmon industry

Report shows confidence in Scottish salmon industry

An economic report by the Scottish Salmon Producers Organisation (SSPO) has shown strong business confidence in the Scottish salmon farming industry.

The report shows that employment is up by 13%, capital investment remains steady at £63m, and over £390M was spent last year in the Scottish supply chain. 

The economic impact is particularly evident in the Highlands and Islands where £164m was spent directly with local businesses. In total, wages increased by 5% to a total of almost £75M.

Scott Landsburgh, chief executive of the SSPO, said: “Scottish salmon is now both Scotland’s and the UK’s top food export and the wholesale recognition of its quality and provenance has continued to boost industry’s investment confidence.  For the second year, capital investment is sitting at £63M and nearly 3,500 Scottish companies are benefiting from doing business with salmon farmers.  I’m especially pleased to see more recruitment and that 91% of jobs are full-time.

“This is a major boost for the Scottish economy, but for the Highlands and Islands it is a vital economic and social support.  In addition to the business of salmon farming and the demonstrable benefits that brings, the industry is also committed to supporting local communities where staff and their families live and work.”

Rural Economy Secretary Fergus Ewing said: “This report shows our salmon sector is thriving economically, increasing the number of full-time jobs, supporting communities and generating significant levels of investment.

“The industry is a key part of Scotland’s rural economy and this government is committed to supporting the sector to explore new approaches which will continue sustainable and productive growth in the future.”

The industry’s commitment to the Highlands and Islands and its workforce is evidenced by the continued skills and training programmes in the industry, with 111 young people on Modern Apprenticeships or National Progression Awards schemes.