Scotland Fails to Attract High-End Company Hqsacademics Say the Country Is Missing Out On Major 'Spillover' Benefits for the Economy, Reports Ken Symon

Sunday HeraldMay 03, 2005

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THERE were anxious moments three years ago when it looked like The Royal Bank of Scotland might not locate its major new HQ outside Edinburgh but move it south of the Border.

The threat may have been no more than sabre-rattling by the bank's executives as they negotiated with the authorities, but the collective shiver that went round Scotland told its own story.

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Scotland Fails to Attract High-End Company Hqsacademics Say the Country Is Missing Out On Major 'Spillover' Benefits for the Economy, Reports Ken Symon

The best available figures suggest that the RBS decision to site the HQ at Gogarburn added 9295 jobs and spin-off benefits which are difficult to quantify for the Scottish economy. That decision was a reminder of how important HQs and similar large corporate functions are to the Scottish economy.

When there were calls from a Standard Life board critic for the financial giant to quit its Edinburgh ...

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