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Inverness is the commercial and industrial centre of
the Highlands of Scotland. At the dawn of the 21st century,
the city has a diverse economy which is helping to fuel further growth.
The key to this success story is a dynamic combination of traditional
industries, inward investment, innovative technology and
a well-educated workforce.
TRADITIONAL INDUSTRIES
Tourism has played a vital role in Inverness since Victorian
times. It is estimated that the city hosts over one million visitors
each year. Business tourism is also growing - thanks to a range of quality
conference venues and excellent hotels catering for everything
from small seminars to major political party conferences.
Manufacturing remains a significant
sector in the local economy and there are numerous companies in the
engineering and electronics sectors. Commercial activities related to
primary industries such as forestry, agriculture and fish
processing are also important.
The local economy of the Inverness area
is, however, dominated by the Service Sector which encompasses the
retail sector, the public sector, and professional services.
INWARD INVESTMENT & INNOVATIVE
TECHNOLOGY
Inverness has been very successful in
attracting inward investment in a highly competitive global market. This
is due to a number of factors :
- a well-educated workforce.
- an abundance of land available for
development.
- the high quality of life the city
offers inward investors.
- good public sector support.
- access to a modern digital
telecommunications network to rival any UK city.
Major inward investors in recent years
have included Cap Gemini, the largest European computer services
and business consultancy, and Inverness Medical Ltd - which was
established here by Selfcare Inc. of Boston despite strong
competition from other countries such as Israel and Ireland.
The company, which produces self-diagnostic medical kits, currently
employs over 400 people and is on target to create an additional
280 jobs by 2004.
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