Boost for tech sector
US firms unveil investment in Scots operations
Four American firms have unveiled investments in Scotland in the data analytics, communications and life sciences sectors.
Spiritus Partners, ION Geophysical Corporation and PPS UK announced a combined £6.3m investment, backed by £1.5 of grants from Scottish Enterprise. They will create or safeguard 44 jobs.
The announcement, on the first day of the First Minister’s visit to the US, follows the weekend statement that Xilinx is spending a further £3.8m on its research centre in Edinburgh.
The First Minister said: “The United States is Scotland’s biggest source of inward investment and, in the wake of Article 50 being triggered and the risk of a hard Brexit, it is vital we continue to build on the success of our current business relationship with the US.
“Scotland remains open for business and I’m delighted these companies have chosen to expand here and it further demonstrates our position as a prime location for inward investment.”
Xilinx will also be supported by a £1.01m research and development grant through Scottish Enterprise, creating 12 jobs and protecting 30 existing positions.
Xilinx Scotland will develop technologies for communications applications, specifically targeting 5G opportunities and aims to establish itself as a centre of excellence and a leading developer of products for communications systems.
The First Minister said: “The US is Scotland’s top source of inward investment and Xilinx is another example of a leading technology company harnessing our highly educated and skilled workforce.
“This is fantastic news for this specialist sector in Scotland. It also demonstrates our strength and expertise in developing these state of the art technologies.
“We are committed to building on these successes and attracting more companies to invest and expand here. That is why next week I’ll travel to the United States to promote trade and investment between our two countries.”
Colin Carruthers, director of Xilinx Scotland, said: “We are very excited to be at the centre of this truly innovative research and development. This is a unique opportunity to define and develop the technologies that will enable next generation wireless communication devices.
“Scotland has a long history of invention and innovation, and it is a privilege to be able to help architect the communication platforms of the future.”
Lena Wilson, chief executive of Scottish Enterprise, said: “Xilinx’s success is testament to Scotland’s world leading highly educated and skilled workforce.
“With a strong, established and connected business environment, Scotland was the ideal UK location for the company and we are delighted to have supported such an ambitious and talented team.”