Direction for SOSE and all aspects of our work are overseen by our Board, currently comprised of twelve Members, chaired by Professor Russel Griggs. Taken as a whole, our Board brings together a broad range of relevant interests, skills, experience and expertise with knowledge of the whole of the South of Scotland and the issues facing those who work in the South of Scotland. It is brimming with enthusiasm, passion and a genuine commitment to drive forward our vison and deliver lasting change in the South of Scotland.
To learn more about our board members click here.
As an organisation we are structured around four Directorates – Finance; Enabling Services; Strategy, Partnership & Engagement; and Operations – by our Chief Executive, Jane Morrison Ross. Our current headcount is 85 employees.
Our Operating Budget for 2021/22
Current forecasted outturn
• The South of Scotland Enterprise cash allocation is £33.2m; the overall published budget for SOSE is £35.7m which includes other elements relating to non-cash items such as depreciation
• Current forecast outturn is cash only
• The budget supplied by the Scottish Government is likely to be increased by £1m COVID consequentials
• Collaborative Partnerships with other strategic public bodies includes finance, IT and HR support
• Organisation running costs include all remaining staff costs out with the Operations team, and other business and estates costs
Summary of Grant Awards
Scottish Government Funds, administered by SOSE:
National Context and Collaboration
Climate change & net-zero
1 in 10 Jobs (8%) in Scotland already related to circular economy
Scotland’s greenhouse gas emissions have reduced 31%since 2008, faster than anyG20 economy
Fair work & wellbeing
Lowest earners have lost their jobs at 4x rate of highest earners. 1 in 5 workers are worried about losing their jobs
Now 1,950 accredited living wage employers in Scotland – 300 achieving accreditation in 2020
Younger people have been disproportionately impacted by job losses and furloughing
Economy & labour market
Global economy expected to grow 6% over 2021. A stronger recovery is forecast for the USA, although weaker in the UK and the eurozone
Scottish economy forecast to grow by 1.8% in 2021 and 7.5% in2022, but may not return to pre-pandemic levels until early 2024
Employment expected to fall 40,000 over 2021, with the unemployment rate reaching 7.1%
Scottish overseas exports are forecast to fall by £665m in 2021, then recover in 2022
Business R&D and capital investment growth is likely to remain subdued over 2021
27% of Scotland’s businesses have no or less than three months cash reserves
Business equity investment prospects for 2021 look positive, but there are concerns about investor appetite at the early stage and for companies seeking equity for the first time
Scotland continues to be the most attractive UK location outside London for inward investment
Adoption of new technologies and the skills to use them could +£25 billion to Scottish economy over next 10 years
73% of Scotland’s businesses adopted new digital technologies during Covid-19
Working from home in UK is expected to increase fivefold by 2025, enabled by technology
Demographics & talent attraction
Scotland’s population projected to grow by 2.5%between 2018- 2043, all from migration
Estimated 50-80% reduction in net EU migration to Scotland after 2020
Amenity - A desirable or useful feature or facility of a building or place.
Borderlands – (Borderlands Inclusive Growth Deal) This ten-year £450 million programme brings together the five local authorities on both sides of the Scotland-England border. The local authorities are working with the private and third sectors, education and skills providers and the enterprise and skills agencies and the Partnership aims to promote inclusive and sustainable economic growth of the area that straddles the border.
Business panel – Mirroring the approach of Highlands and Islands Enterprise (HIE),SOSE will set up a business panel that is representative of the south of Scotland business population (including social enterprises). Starting in June 2021, we will undertake regular interviews and surveys with the Panel. This will be a useful source of data for planning and decision-making across the south of Scotland.
Circular economy – A traditional “linear economy” involves taking resources from the ground, air and water; making them into products and structures; then disposing of them. A circular economy takes an alternative approach, in which resources are kept in use for as long as possible, the maximum value is extracted from them whilst in use and then materials are recovered and regenerated at the end of each product’s viable life cycle.
Climate change – The UN defines “Climate Change” as a change of climate which is attributed directly or indirectly to human activity that alters the composition of the global atmosphere and which is in addition to natural climate variability observed over comparable time periods. The Scottish Government has enacted legislation that sets a target date for net-zero emissions of all greenhouse gases by 2045. Detailed targets are set out in the Scottish Government’s Climate Change Plan update, which was published in December 2020.
Community Wealth Building (CWB) –Community wealth building is a new people-centred approach to local economic development, which redirects wealth back into the local economy, and places control and benefits into the hands of local people. CWB aims to ensure the economic system builds wealth and prosperity for everyone. More information can be found at CLES and SCRIG.
Convention of the South of Scotland (COSS) – A body established by the Scottish Government in 2019 to bring together public bodies with responsibility for growth and provide a forum for the exchange of ideas on priorities and how to tackle key regional issues.
Data portal – (also known as an open data portal) – A website that gives single-point access to data relevant to the South of Scotland held by SOSE or other authorities for anyone to consult and reuse.
Economic recovery – An expansion of the economy following a recession (in the current context caused by the impacts of the Covid 19pandemic).
Edinburgh and South East Scotland City Region Deal – This £1.3 billion Deal comprises six local authorities around Edinburgh including Scottish Borders Council. The local authorities are working with the private and third sectors, universities and colleges and the third sector. The Deal will deliver improvements in innovation, housing, critical infrastructure and a new skills programme.
Empower – Give (someone) the authority or power to do something.
Enterprise and Skills Strategic Board – This Strategic Board was created by the Scottish Government in response to the Enterprise and Skills Review. It is managed by the Scottish Government and its objective is to align and co-ordinate the activities of Scotland's enterprise and skills agencies: Scottish Enterprise (SE), South of Scotland Enterprise (SOSE); Highlands and Islands Enterprise (HIE), Skills Development Scotland (SDS) and the Scottish Funding Council (SFC). Further information can be found here.
Entrepreneurial – A mindset, a way of thinking. An entrepreneur is someone with the innovation, foresight, drive and ambition to take calculated risks and create new solutions. Being entrepreneurial can mean sharing ideas freely and celebrating so-called failures as learning and growing experiences. Being entrepreneurial can mean exploiting one’s detailed knowledge of an industry to create and initiate new ideas and opportunities in that sector or to transfer that knowledge to a new situation. It is characterised by the taking of financial risks in the hope of profit.
EU Structural Funds replacement – Three funds have broadly speaking replaced EU Structural Funds following Brexit. These are the Levelling Up Fund (capital funding), the Community Renewal Fund (revenue funding)and the Community Ownership Fund (asset purchase). All three funds are operated directly by UK Government in conjunction with individual local authorities.
Fair work – Work that offers all individuals an effective voice, opportunity, security, fulfilment and respect. More information on Scotland’s Fair Work Convention can be found here.
Green growth – A term to describe economic growth that uses natural resources in a sustainable manner. It is used globally to provide an alternative concept to typical industrial economic growth.
Green port – Based on the UK Government’s Freeport model, Scottish Green ports aim to boost the local economy around designated green ports, incentivising businesses with streamlined planning processes and a package of tax and customs reliefs. In particular, the green port model will focus on inclusive growth, fair work practices and delivering a net zero economy.
Green recovery (also sometimes called green economic recovery) – Economic recovery that has climate change considerations front and centre of policy decisions. It provides the opportunity for Scotland to meet its climate and environment ambitions, whilst building abetter economy for the future and creating jobs.
Inclusive growth – The Scottish Government defines inclusive growth as economic growth that is inclusive. This means growth that combines increased prosperity with greater equality, creates opportunities for all, and distributes the benefits of increased prosperity fairly.
Infrastructure – The Scottish Government headline definition of infrastructure is: “the physical and technical facilities, and fundamental systems necessary for the economy to function and to enable, sustain or enhance societal living conditions”. Typically, infrastructure refers to economic infrastructure, such as utility networks, transport and digital communications, but the Scottish Government also includes social infrastructure such as schools, universities, hospitals, prisons, community housing, and parks.
Innovation – In the context of Scotland CANDO, the Scottish Government defines ‘ an innovation as an idea that creates economic value for individuals and society. Innovation scan occur in any field or sector, and can be part of a business, team or government’s strategic approach.
Just transition – (also called just transition to net zero) – The move towards a net zero emissions economy that is fair for all. In Scotland, the Just Transmission Commission advises Scottish Ministers on how to apply just transition principles. These principles can be summarised as:• plan, invest and implement a transition to environmentally and socially sustainable jobs, sectors and economies, building on Scotland’s economic and workforce strengths and potential;• create opportunities to develop resource efficient and sustainable economic approaches, which help address inequality and poverty;• design and deliver low carbon investment and infrastructure, and make all possible efforts to create decent, fair and high value work in a way which does not negatively affect the current workforce and overall economy.
Natural capital – Natural capital refers to the elements of the natural environment which provide valuable goods and services to people, such as woodland providing flood risk reduction and capturing carbon. There are ‘four capitals’ that represent all of the assets of the Scottish economy: economic; human; natural; and social capital. More detail can be found in the Report of the Advisory Group on Economic Recovery (AGER).
Natural capital baseline –Measurement of the existing natural capital in an area to provide a dataset to inform policy and decision making.
Net zero – (also known as net zero emissions)– Refers to the balance between the amount of greenhouse gases produced and the amount removed from the atmosphere. We reach net zero when the amount we add to the atmosphere is no more than the amount we store and capture.
Outcomes – The result we want to achieve. The end result, or impact of our activities. What actually matters to people.
PACE activity – Partnership Action for Continuing Employment (PACE) is the Scottish Government’s initiative dedicated to helping individuals and employers with the advice and support they need when faced with redundancy.
Place-based approach – An approach that works with an entire community (in its broadest sense) that is recognised as a ‘place’– this could be a village, town or an area. This approach looks at a place from every angle and as a whole (including for example, people, resources, landscape, history, skills, infrastructure, barriers and opportunities, assets and external influences). It looks at how to improve the place in a sustainable manner by taking a wider view on what maybe possible through key changes.
Productivity – Labour productivity – defined as Gross Domestic Product (GDP) per hour worked – measures the average amount of goods and services produced for each hour worked by the labour force. In general terms, it measures the efficiency of what is being produced.
Regional Economic Partnership (REP) – A forum that brings together a wide range of expertise and sets the direction of our regional economy in the South of Scotland. Members of the REP were appointed through an open recruitment process, joining elected members from both local councils and Board members from SOSE. The REP has a collective ambition to deliver a clear and compelling vision for the economic success of the South of Scotland. Its role is to inform the development of and oversee the delivery of the Regional Economic Strategy (RES).
Regional Economic Strategy (RES) - A strategy that will set out the long-term vision and strategic objectives for the economic development of a region. In the South of Scotland, collaborative work is ongoing to develop a RES for the region, which should be published by summer 2021.
Regional Skills Investment Plan (RSIP)– part of Skills Development Scotland’s skills investment planning approach, RSIPs recognise the diverse needs of regions across Scotland. The plans take account of the particular challenges, opportunities and drivers at regional level and present a partnership response to these.
Social enterprise – Businesses with primarily social objectives whose surpluses are principally reinvested for that purpose in the business or in the community, rather than being driven by the need to maximise profit for shareholders and owners.
Sustainable economic growth – A rate of growth which can be maintained without creating other significant economic, social or environmental problems, especially for future generations.
Team South of Scotland – A partnership working group of officials from Dumfries and Galloway Council, Scottish Borders Council and South of Scotland Enterprise, set up to respond to the impact of COVID-19 in way that best supports the unique needs of the area. The group meets weekly to develop shared approaches and plans to address regional issues.
Third sector – The third sector refers to organisations which are neither public sector or private sector. This includes charities, social enterprises and voluntary groups. The third sector delivers essential services, helps to improve people's wellbeing and contributes to economic growth. It plays a vital role in supporting communities at a local level.
Workers’ interest committee – A group of individuals appointed by SOSE who advise SOSE on what it should be doing to advance the interests of workers in the region