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Overview
Prompted by a shared ambition to build on Scotland's long history of outstanding financial services success, the Strategy for the Financial Services Industry in Scotland (the Strategy) is an initiative delivered by a unique partnership between government, the industry and trade unions. It reflects a shared recognition that, to remain a competitive location for investment, Scotland must continue to strengthen the quality of business environment it provides for the industry.
The Financial Services Strategy Group, established in 2003, set out to define the environment which would ensure that Scotland remains home to an innovative, competitive and thriving financial services industry.
The Strategy was a culmination of this work and was launched in March 2005. Chaired at the highest level, by the First Minister of Scotland, a Financial Services Advisory Board ( FiSAB), comprising senior figures from the industry, the trade unions, government and other parts of the public sector, was set up to be the custodian and advocate of the Strategy.
This has been a successful first year, with tangible progress towards achieving the vision for the financial services industry in Scotland. The partnership of FiSAB and FiSIG has proved effective, with all partners contributing to achievements across all three strategic aims. The challenge now is to build on this success and maintain momentum into year two and beyond.
This is FiSAB's first Annual Report and it provides:
- a summary of achievements in the first year of the Strategy
- comparative data on the strong progress made by the financial services industry in Scotland
- an outline of plans for year two
The Strategy for the Financial Services Industry in Scotland aims to deliver the vision of:
An innovative, competitive and thriving international financial services industry in Scotland, underpinned by world-class infrastructure and universally recognised as a leader on the global stage.
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