Scotland's Economic Framework
The twin goals of tackling inequality and boosting competitiveness are underpinned by four priority areas which we will focus on to deliver sustainable economic growth:
Investing in our people and infrastructure in a sustainable way;
Fostering a culture of Innovation and research and development;
Promoting Inclusive growth and creating opportunity through a fair and inclusive jobs market and regional cohesion; and
Promoting Scotland on the international stage to boost our trade and investment, influence and networks.
Our four priorities encompass the following policy areas:
Progress towards the Purpose is assessed through the range of Purpose Targets and National Indicators in the National Performance Framework (NPF). In the March 2016 update to the NPF, new indicators have been added relating to work and employment, the environment, and communities, which reflect the new strategic approach set out in the SES.
The SES also sets out four ambitions for Scotland, to rank in the top quartile of OECD countries in terms of productivity, inequality, wellbeing, and sustainability. To allow for better monitoring and assessment of progress towards these ambitions, the Scottish Government in conjunction with the First Minister’s Council of Economic Advisers has taken forward a stream of work to advise on an appropriate set of measures of wider economic progress. The results of this stream of work have fed in to the March 2016 updates to the Solidarity and Productivity Purpose Targets, and will help to inform the future development of the NPF.