New London hub ‘Scotland House’ to encourage international business links
Scottish businesses are to be given help to expand in to new markets with the setting up of a dedicated innovation and investment hub in London.
‘Scotland House’ at 58 Victoria Embankment will provide Scots business people with a place to meet clients and customers, target new markets and secure investment.
The centre aims to offer London-based support to businesses working with Scotland’s enterprise and tourism agencies, as well as a base for the Scottish Government, Scottish Enterprise, Highlands and Islands Enterprise, Scottish Development International and VisitScotland in the UK capital.
Members of Scotland House will be able to use the co-working and events space when they are in the capital and access a regular programme of business events and networking opportunities.
The initiative follows the opening of the first Innovation and Investment Hub in Dublin last year with plans progressing on hubs in Brussels and Berlin.
“London is a very important trading market and a meeting place for the world’s business leaders, but for Scottish businesses it can be challenging and costly to try and break into these markets,” said Keith Brown, Scotland’s Economy Secretary.
“I would encourage businesses to register their interest and recognise the benefits of the new hub as it will play a critical role attracting investment to Scotland, helping businesses trade internationally and raising Scotland’s international profile.
“Scotland House will provide Scottish companies with a base to build new partnerships and a low cost place to trade.
“We are already seeing the benefits of our presence in Dublin and will be expanding our investment and innovation hubs to include Brussels and Berlin.”
Insights, and innovative learning and development company which recently opened its second Dundee office, is typical of the kind of businesses Scotland House is intended to help.
“Insights is a really successful global organisation going through a period of significant growth. We have a strong and effective base in Dundee and a presence in more than 40 countries around the world, however we can’t be everywhere,” said Andy Lothian, Chief Executive of Insights.
“Having access to a fantastic facility like the new hub in London will help us connect with clients from the UK and Europe, and create links with other like-minded businesses that are equally committed to global innovation and growth.”
Paul Lewis, managing director of Scottish Development International, said the hub would create significant opportunities for Scottish companies to win new business, collaborate with partners and engage with investors in London, and for international businesses in London to benefit from Scotland as a location investment location.
“We want to make it quicker, easier and more cost effective to connect with these audiences and, by investing in the Hub, we are ensuring that Scottish companies can benefit from a flexible, cost effective, low-risk London base and secure a faster route to achieving their international growth ambitions,” said Mr Lewis.