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www.glasgowchamberofcommerce.com GLASGOW TALKS The future of tourism
Two business leaders – determined to bring more visitors to Scotland – have captivated members at two separate Glasgow Talks events, sponsored by Clydesdale Bank and the Adam Smith Business School.
Glasgow Talks ... with Jonathan Hinkles, Managing Director, Loganair
Jonathan Hinkles, Managing Director of Loganair, Scotland’s national airline, spoke about his company’s expansion plans for next year, which includes flying 50-seater regional jets to a series of European destinations. “We will be flying our first jet in modern times. It will be a significant upgrade and enable us to go further afield. There are major European centres from Glasgow that
Jonathan Hinkles, Managing Director, Loganair
are not currently served.” The airline boss told the audience: “It is a good opportunity for us to increase travel between Europe and
Malcolm Roughead OBE (left), CEO, VisitScotland with Richard Muir, Deputy Chief Executive, Glasgow Chamber of Commerce
the Highlands and Islands for business and tourism, using Glasgow as a hub.”
Business Loans Scotland Helping businesses to
bridge the funding gap Supporting 31 SMEs across 16 local authority areas to date, Business Loans Scotland can help to bridge the funding gap by providing loan finance of up to £100,000 to new and growing Scottish SMEs. Glenammer
Engineering, based in Ayr, were recently awarded a loan totalling £100,000 to enable full control of manufacturing their high-quality laboratory test sieves in-house.
Speaking of the loan
awarded, Managing Director of Glenammer Engineering Claire Wallis said: “We very much
appreciate Business Loans Scotland’s help towards our project. We found the procedures to be straight-forward and the processes went smoothly. We would recommend BLS to any SMEs who are seeking financial support to expand their business.” With a dedicated pot
of £5 million available, Business Loans Scotland are keen to speak with any business who may be interested in receiving gap funding. To find out more or
to start the application process, please visit the Business Loans Scotland website
www.bls.scot
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Glasgow Talks ... #ScotlandIsNow with Malcolm Roughead OBE, CEO, VisitScotland Meanwhile, while uncertainty over Brexit remains a deep concern, Scotland’s tourism economy is in robust health, said the Chief Executive of VisitScotland, the national tourism agency. Malcolm Roughead
explained the current portion of Scotland’s biggest industry, and praised Glasgow for performing ‘exceptionally well’. “The city’s success has been building. This is about continuous investment and commitment over time. It’s a tribute to Glasgow Life for putting in that effort and belief, which has been backed up by the Team Glasgow approach,” he said. He spoke broadly about the wider benefits. He said international overnight expenditure was up 22 per cent to £2.3bn per annum, which is a ‘fantastic performance’. This is foreign currency coming into Scotland from abroad. The UK market also grew by almost 4 per cent to £3 bn. This combined
£5.3bn, represents an 11 per cent increase, a rate that would be welcomed by any other industries. Adding the day-trip market of £6bn, this equates to £11.3bn a year, and when the supply chain is included this makes a total of £13.5bn per annum. “Which puts tourism right up there as one of the most important generators for the Scottish economy,” he told the audience in the Radisson Blu Hotel. However, one of the
key aspects is migration of labour, which may be impacted by Brexit. Around 60,000 people from across Europe work in the hospitality and leisure sector in Scotland. “Organically, with the present growth we will need to increase the workforce by 5 per cent year on year. So we’ve got to try and find more people to come through this system. That means making the industry an attractive career destination for people,” he said.
He said while business
rates, a squeeze on margins, a possible tourism levy and GDPR, which has restricted the use of customer data, have had an impact, he sees ‘an underlying strength’ in the Scottish tourism offering.
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