Scotland's marine economic statistics 2016

10. Renting & Leasing of Water Transport Equipment

10.1 Introduction

This class includes renting and leasing of marine passenger and freight transport equipment e.g. commercial boats and ships, without an operator. It excludes renting of pleasure boats, water-transport equipment with operator and financial leasing.

10.2 Key economic points

In 2016 renting and leasing of water transport equipment generated £8 million GVA accounting for 0.01 % of the overall Scottish economy, and 0.2 % of the marine economy.

In terms of employment, renting and leasing of water transport equipment provided employment for around 100 workers, contributing less than 0.01 % to total Scottish employment, 0.2 % of the marine economy employment.

10.3 Renting and leasing – trends

From 2015 to 2016 GVA from renting and leasing water transport fell by around £2 million (20%, adjusted to 2016 prices) and the longer term trend, between 2008 and 2016, saw GVA fall by 23%. For the duration of the time series, employment in the industry sector has been either 100 or 200 people. So, while reported employment halved between 2008 to 2016, the proportional fluctuations are affected by the small numbers involved.

Table 15 : Renting and leasing of water transport equipment - GVA, turnover, employment and GVA per head, 2008 to 2016 (2016 prices)

Figure 15: Renting & Leasing of Water Transport Equipment - GVA and employment (headcount), Scotland, 2008 to 2016 (2016 prices)

10.4 Renting and leasing – by geography

Renting and leasing is a relatively small economic sector and so geographic breakdowns of the data are not available.