Scotland’s businesses stand to benefit from AI-led growth

…: but now delivery is key

Scotland’s businesses would benefit from a regionally-balanced, investment-led growth model, the Scottish Chambers of Commerce has said, responding to Rachel Reeves’ Mais Lecture.

The business organisation backed the Chancellor’s vision of an ‘active and strategic state’ to drive productivity, investment, and long-term economic growth.
At a time of geopolitical instability and rising global competition, SCC said the UK Government must prioritise resilience and ensure that businesses across every part of the country can access the opportunities created by new technologies and stronger international partnerships.
As the Government works toward deepening our partnership with European partners, businesses stand ready to support greater trade and cross-border cooperation: helping to expand market access, unlock investment, and reduce costs for firms and households alike.

Charandeep Singh BEM, Chief Executive of the Scottish Chambers of Commerce, said:
“The Chancellor is right to put AI and innovation at the centre of the UK’s growth strategy. In an increasingly competitive global economy, accelerating adoption of transformative technologies, including AI and quantum, will be critical to driving productivity, investment, and high-value job creation.
“This focus on AI, closer ties with Europe and regional growth reflects the priorities we hear consistently from businesses across Scotland. Our members will be excited by the ambition shown today, particularly given Scotland’s world-class strengths in AI, data, and advanced research.
“Ensuring that businesses in every part of the country – including Scotland’s towns, cities, and rural communities – can access the benefits of AI and new technologies will be key to unlocking economic growth that is both inclusive and sustainable.
“The priority now is delivery. Businesses must see these commitments translated into practical support – from access to digital skills, to stronger links with European markets and clear pathways to commercialisation. Scottish businesses stand ready to work with government to turn this ambition into tangible economic impact across the country.”