Whisky news from the The Scotch Whisky Association
Scotch whisky is a cornerstone of the Scottish economy- 30th May, 2010
New study reveals Scotch Whisky’s massive economic impact across Scotland
Figures released today (Sunday 30 May 2010) reveal that Scotch Whisky is worth £4 billion a year in added value to the Scottish economy - with the industry spending in excess of £1.1 billion annually on supplies produced north of the Border.
A new study - The Economic Impact of Scotch Whisky Production in Scotland - by Verso Economics, also reveals the industry’s annual turnover in Scotland is now £6.4 billion and that after oil & gas the sector remains the country’s leading manufactured export, with shipments of £3.1 billion a year.
The spending with Scottish suppliers, which includes £200 million on cereals, helps support 35,000 Scottish jobs, with the industry itself directly employing 10,300 people across the country.
The study, commissioned by The Scotch Whisky Association, also reveals:
Spending with Scottish suppliers has increased by 61% since 2000
Export value has grown by 42% since 2000 (from £2.2 billion)
Capital spending of £355 million a year, of which nearly a third is invested in Scotland
Scotch Whisky’s economic impact is as significant as tourism - with employees adding
twelve times more value per head
Industry productivity at £262,000 per employee is six times the Scottish average
One fifth of Scotch Whisky jobs are in the more fragile rural communities across the
Highlands & Islands Scotch Whisky supports double the number of Scottish jobs than those in aerospace &
defence, as well as a similar number to those employed in Scottish universities
The majority of employment is found in Strathclyde (52%), Central Scotland & Fife (17%),
Grampian (14%), and Lothian (11%)
Welcoming the study's conclusions, Gavin Hewitt, SWA Chief Executive, said:"Scotch Whisky's importance to Scotland is clear. The study confirms Scotch Whisky is a
cornerstone of the Scottish economy, supporting 35,000 jobs and generating around £4 billion in
added value. That economic impact benefits every corner of Scotland, with distillers spending
over £1 billion across the supply chain.
"The new UK Government wants to support manufacturing and exporters, and build a fairer tax
system. It could combine all three objectives by reforming an unfair duty regime which
undermines the competitiveness of the Scotch Whisky industry. The alcohol duty structure is no
longer fit for purpose, discriminating against Scotch Whisky at home and sending out the wrong
“We are pleased the new Coalition Government has announced it will review alcohol taxation.
The aim must be to put in place a fairer and more socially responsible regime where all alcohol is
taxed according to content. With the right support, the Scotch Whisky industry can deliver even
more to communities across Scotland."
World's largest private whisky collection set to sell for £8m Perth, Scotland in February 2020.
Published Date: 12th December 2019
The world’s largest ever private whisky collection, comprising 3,900 bottles, is poised to sell for a projected £8 million when it goes under the hammer in Perth next February. Further cementing Scotch whisky’s status as one of the most valuable investments on the market. Read more
Irish Distillers: New Packaging for Jameson Caskmates Series
Published Date: 27th November 2019
Irish Distillers, makers of some of the world’s most enjoyed whiskeys, has unveiled a packaging revamp for its Jameson Caskmates Series. Read more
Gordon & MacPhail Reveals Unique Single Malts For Christmas: Malts from Old Pulteney and Glenlivet
Published Date: 14th November 2019
Single malt whisky creator Gordon & MacPhail has unveiled a duo of special bottlings from its iconic Connoisseurs Choice range for Christmas gifting. Read more
Islay whisky collection up for auction in aid of RNLI: A Group of seven malt whiskies from each of Islay’s coastal distilleries Goes Under The Hammer
Published Date: 14th November 2019
The Islay Sea Collection, a group of seven malt whiskies from each of Islay’s coastal distilleries presented in a one of a kind display case is set to go under the hammer in this month’s Just Whisky auction with all proceeds going to the Portrush and Islay volunteer lifeboat crews. Read more