Scottish Development International

Last updated

Scottish Development International
Scottish Development International.svg
Agency overview
Formed2001;23 years ago (2001)
Preceding agencies
  • Locate in Scotland
  • Scottish Trade International
Jurisdiction Scotland
Parent department
Website https://www.sdi.co.uk/

Scottish Development International (SDI) is the international arm of the Scottish Government and Scotland's enterprise agencies, Scottish Enterprise, Highlands and Islands Enterprise and South of Scotland Enterprise. [1] [2] The agency supports international investors in Scotland to help set up and grow in Scotland as a gateway to wider European and global markets.

Contents

History

Scottish Development International was established in 2001 by merging the export promotion agency, Scottish Trade International (STI; 1991–2001) and the foreign direct investment and inward investment agency, Locate in Scotland (LiS; 1981–2001).

The agency currently has over 40 offices in around 20 countries across the globe.

The agency claimed its actions led to the creation of 7,839 jobs in Scotland in 2016/17. [1]

In North America

SDI's North American offices in the United States are in San Jose (California), Chicago (Illiois), Cambridge (Massachusetts), and Houston (Texas). Canadian offices are in Toronto (Ontario) and Calgary (Alberta). [3] In the US, SDI promotes Scottish businesses and products at Tartan Day/Week events, and at American trade events such as the golf-oriented PGA Merchandise Show in Orlando, Florida, and the Atlanta International Gift and Home Furnishings Market. [3] According to SDI, the US is Scotland's top destination for exports, which as of 2019 amounted to £6 billion, 17% of Scotland's total international trade. [3]

Related Research Articles

<span class="mw-page-title-main">Economy of Togo</span>

The economy of Togo has struggled greatly. The International Monetary Fund (IMF) ranks it as the tenth poorest country in the world, with development undercut by political instability, lowered commodity prices, and external debts. While industry and services play a role, the economy is dependent on subsistence agriculture, with industrialization and regional banking suffering major setbacks.

<span class="mw-page-title-main">United States Department of Commerce</span> Executive department of the U.S. Federal Government

The United States Department of Commerce (DOC) is an executive department of the U.S. federal government concerned with creating the conditions for economic growth and opportunity.

<span class="mw-page-title-main">Overseas Private Investment Corporation</span> Government agency of the United States of America

The Overseas Private Investment Corporation (OPIC) was the United States Government's Development finance institution until it merged with the Development Credit Authority (DCA) of the United States Agency for International Development (USAID) to form the U.S. International Development Finance Corporation (DFC). OPIC mobilized private capital to help solve critical development challenges and in doing so, advanced the foreign policy of the United States and national security objectives.

<span class="mw-page-title-main">Foreign direct investment</span> Purchase of an asset

A foreign direct investment (FDI) refers to purchase of an asset in another country, such that it gives direct control to the purchaser over the asset. In other words, it is an investment in the form of a controlling ownership in a business, in real estate or in productive assets such as factories in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment or foreign indirect investment by a notion of direct control.

<span class="mw-page-title-main">Tartan Day</span> Celebration of Scottish heritage

Tartan Day is celebration of Scottish heritage and the cultural contributions of Scottish and Scottish-diaspora figures of history. The name refers to tartan, a patterned woollen cloth associated with Scotland. The event originated in Nova Scotia, Canada, in 1987. It spread to other communities of the Scottish diaspora and Scotland itself in the 1990s to 2000s.

Japan External Trade Organization is an Independent Administrative Institution established by Japan Export Trade Research Organization as a nonprofit corporation in Osaka in February 1952, reorganized under the Ministry of International Trade and Industry (MITI) in 1958, and became an Independent Administrative Institution in 2003 to consolidate Japan's efforts in export promotion. The government has provided more than half of JETRO's annual operating budget. As of January 2020, JETRO maintained seventy-four offices in fifty-four countries, as well as forty-eight regional offices in Japan, with a total staff of 1,730. Its main office is located in the Ark Mori Building in Akasaka, Tokyo. Initially, JETRO's activities focused mainly on promoting exports to other countries. As exporters established themselves in world markets and the balance of trade turned from deficit to surplus, however, JETRO's role shifted to encompass more varied activities. These have included the furtherance of mutual understanding with trading partners, strategic investment attraction, import promotion, liaison between small businesses in Japan and their overseas counterparts, and data dissemination. Import promotion services have included publications, promotion of trade fairs, seminars, and trade missions.

<span class="mw-page-title-main">Economy of the European Union</span>

The economy of the European Union is the joint economy of the member states of the European Union (EU). It is the second largest economy in the world in nominal terms, after the United States, and the third largest at purchasing power parity (PPP), after China and the US. The European Union's GDP is estimated to be $19.35 trillion (nominal) in 2024 or $26.64 trillion (PPP), representing around one-sixth of the global economy. Germany has the biggest national GDP of all EU countries, followed by France and Italy.

<span class="mw-page-title-main">Export Development Canada</span> Export credit agency

Export Development Canada is Canada's export credit agency and a Crown corporation wholly owned by the Government of Canada. Its mandate is to support and develop trade between Canada and other countries, and help Canada's competitiveness in the international marketplace.

<span class="mw-page-title-main">Scottish Enterprise</span> Government agency in Glasgow City, Scotland, UK

Scottish Enterprise is a non-departmental public body of the Scottish Government which encourages economic development, enterprise, innovation, international and investment in business. The body covers the eastern and central parts of Scotland whilst similar bodies, Highlands and Islands Enterprise and South of Scotland Enterprise, operate in north-western and southern Scotland, respectively.

<span class="mw-page-title-main">United States African Development Foundation</span> Agency of the United States government

The U.S. African Development Foundation (USADF) is an independent U.S. government agency established by Congress in 1980 to invest directly in African grassroots enterprises and social entrepreneurs. USADF's investments aim to increase incomes, revenues, and jobs by promoting self-reliance and market-based solutions to poverty. USADF targets marginalized populations and underserved communities in the Sahel, Great Lakes, and the Horn of Africa. It partners with African governments, other U.S. government agencies, private corporations, and foundations to achieve transformative results.

SelectUSA Investment Summit is a U.S. federal government program founded in 2007 that was aimed at promoting foreign direct investment into the United States, facilitating job creation and economic development. It coordinates investment resources across the federal government and through the U.S. Commercial Service network in over 70 foreign markets. It has a conference that was held by the agency; it is at a federal-level.

<span class="mw-page-title-main">United States Trade and Development Agency</span> Government agency

The U.S. Trade and Development Agency (USTDA) is an independent agency of the United States government, formed in 1992 to advance economic development and U.S. commercial interests in developing and middle income countries.

<span class="mw-page-title-main">UK Trade & Investment</span>

UK Trade & Investment (UKTI) was a UK Government department working with businesses based in the United Kingdom to assist their success in international markets, and with overseas investors looking to the UK as an investment destination. It was replaced in July 2016 by the Department for International Trade.

<span class="mw-page-title-main">SARIO</span>

SARIO, Slovak Investment and Trade Development Agency is a government agency established in the Slovak Republic in 2001, which works under the direction of the Ministry of Economy of the Slovak Republic.

<span class="mw-page-title-main">Investment and Development Agency of Latvia</span> Investment promotion agency

The Investment and Development Agency of Latvia (LIAA) is an Investment promotion agency that seeks to promote investment to Latvia.

<span class="mw-page-title-main">Astonfield</span> Solar tech company

Astonfield Renewables Resources is a renewable energy company that builds, owns, and operates utility-scale solar power plants in emerging markets. Headquartered in Mumbai, its operational focus on India is supported by additional offices in New Delhi and Kolkata.

The enterprise trust movement in Scotland encourages entrepreneurial activity throughout Scotland with the aim of developing, support and fostering growth of small to medium-sized enterprises (SME's).

The National Export Initiative (NEI) is a strategy created by the Obama administration to double U.S. exports between 2010 and the end of 2014 and support 2 million domestic jobs through increased intergovernmental cooperation in export promotion. The initiative was created by Executive Order 13534 after President Barack Obama called for the doubling of U.S. exports in his 2010 State of the Union address.

Enterprise Florida, Inc.(EFI) was a public–private partnership between Florida’s business and government leaders and was the principal economic development organization for the state of Florida. EFI’s mission was to expand and diversify the state’s economy through job creation. In pursuit of its mission, EFI worked closely with a statewide network of economic development partners and was funded both by the State of Florida and by private-sector businesses. Enterprise Florida did not disclose who its donors were.

<span class="mw-page-title-main">U.S. International Development Finance Corporation</span> US federal agency responsible for providing foreign aid

The United States International Development Finance Corporation (DFC) is a development finance institution and agency of the United States federal government. DFC invests in development projects primarily in lower and middle-income countries. First authorized on 5 October 2018 by the BUILD Act, the independent agency was formed on 20 December 2019 by merging the Overseas Private Investment Corporation (OPIC) with the Development Credit Authority (DCA) of the United States Agency for International Development (USAID), as well as with several other smaller offices and funds.

References

  1. 1 2 McCulloch, Scott (27 June 2017). "Scottish Enterprise defends Scottish Development International's claim it 'brought in nearly 8,000 jobs'". Insider. Retrieved 15 December 2019.
  2. Symon, Ken (18 September 2019). "Scottish Enterprise to create a one-stop shop for business support". Insider. Retrieved 15 December 2019.
  3. 1 2 3 "Tartan Week highlights economic links between Scotland and the United States: Trade opportunities for Scottish firms 'Across the Pond'". Scottish-Enterprise-MediaCentre.com. Scottish Enterprise. 8 April 2022. Retrieved 29 July 2023.