Aerospace firm contributes £392m to Scots economy - 15-05-2008 - 18:17

BAE Systems' Surface Fleet Solutions (BAESSFS) business contributed £392 million to the Scottish economy last year, an increase of £139 million, research has revealed.

A study by the Fraser of Allander Institute found the company's Govan and Scotstoun operations contributed £107 million alone.

Its 3,194 jobs on the Clyde are believed to secure an additional 2,170 jobs in other industries in the country, supporting £132.2 million worth of wages across Scotland.

Vic Emery, managing director of BAESSFS, said the research showed shipbuilding on the Clyde is continuing to grow and indicates the industry is thriving.

He continued: "The level of growth we have seen in 2007 is substantial and I am delighted that our business has had such an extensive, positive impact on the country’s economy."

The research follows news that construction firm Barr is set to create around 50 construction jobs in Paisley.

It has been given planning permission to build a new £10 million civil engineering headquarters in the town by the Clyde.

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