Scottish funds for Innovation and Investment Hubs: FOI release

FOI reference: FOI/17/01669
Date received: 17 July 2017
Date responded: 9 August 2017

Information requested

The budget that was allocated to the development of Innovation and Investment Hubs in Brussels and Berlin and from which area within the Scottish budget the funds would be derived.

Response

A budget of £3.5 million was allocated from the Enterprise Energy and Tourism budget during 2016-17 for the development of Innovation and Investments Hubs in Brussels, London and Dublin.

In 2017-18 a budget of £2 million has been made available from the Enterprise and Energy budget for establishing an Innovation and Investment Hub in Berlin and for increasing the number of people working for Scottish Development International across Europe to market Scotland as an open economy and welcoming society and to help companies expand internationally and attract investment to Scotland. A copy of the Draft Budget 2017-18 is available on the Scottish Government website, with this funding situated in table 8.04 in the Innovation and Industries budget.

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