Question reference: S6W-13903
- Date lodged: 13 January 2023
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Current status: Answered by Ivan McKee on 24 January 2023
Question
To ask the Scottish Government what assessment it has made of the amount of Chinese investment in Scotland.
Answer
Information on the value of Chinese inward investments into Scotland can be found in the publicly available report Businesses in Scotland, which shows that there are currently 15 Chinese owned businesses in Scotland, with an estimated employment of 1,770 and a turnover of £1.25 billion. The Scottish Government does not carry out further analysis on inward investment by specific countries on a sectoral basis.
The Scottish Government works with its enterprise agencies to ensure robust due diligence and proper consideration of human rights is undertaken on inward investments from China as well as from any other country. Additional safeguards are provided by the National Security and Investment Act 2021, which protects against acquisitions within sensitive areas of the economy that could cause harm to the UK’s national security.