Scotland’s Pharmaceuticals Sector Worth £2.7bn to Scottish Economy
Following analysis conducted by Fraser of Allander Institute (FAI) it has been found that the pharmaceutical sector is worth £2.7billion a year to the Scottish economy. As well as this, the industry employs 5,000 people in Scotland and indirectly supports 16,500 jobs.
The report- commissioned by the Association of the British Pharmaceutical Industry (ABPI) Scotland, also showed that Scotland has been accounting for an increasing portion of the UK pharmaceutical industry’s turnover and employment.
According to the latest available turnover figures, the pharmaceutical industry in Scotland represents 4.3% of all UK pharmaceutical industry sales (in 2015) – an increase of nearly one third since 2008.
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