£2bn value of Scottish salmon

salmon farm

SCOTLAND’S farmed salmon sector is worth nearly £2 billion to the country’s economy and it supports several thousand jobs, according to new figures released today.
The industry’s turnover last year was £1,027 million, but every £100 made sustains £93 elsewhere through supply chains and high street spending from the wages paid to employees, according to an economic impact study commissioned by the Scottish Salmon Producers Organisation.
The gross value added of the industry is £365 million, and it contributes £50 million in corporation tax and £76 million in wages. The average wage is around £34,000 per annum, the study found.
International exports were worth over half a billion pounds a year, accounting for more than half of Scottish food and drink exports (excluding whisky).
The sector produced total tax revenue of £216 million, based on the calculation that for £100 of income within aquaculture a further £163 of income is sustained in the rest of Scotland’s economy through supply chain effects and employee spending.
The income multiplier for aquaculture (2.63) is one of the highest of any Scottish industry and reflects the capital-intensive nature of Scottish salmon industry.
Salmon farming supports around 250 modern apprenticeships each year, with some employers reporting that almost a third of their workforce were currently engaged in such schemes.
The number of modern apprenticeships in aquaculture training has grown from 10 in 2009-10 to 112 last year. This includes modern apprenticeships in aquaculture and aquaculture management (technical apprenticeship).
See the full report


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