UK central bank boss to start Scots Investment Summit

UK central bank governor Andrew Bailey

UK central bank governor Andrew Bailey is to deliver a keynote address at Scotland’s Global Investment Summit next month.

The event will be held at the NatWest Conference Centre, Gogarburn, Edinburgh, on October 6 and 7.

The Bank of England governor’s speech will kick off the summit, which will also be attended by senior ministers from Scottish and UK governments, investors and a range of industry leaders.

The landmark summit, hosted by Scottish Financial Enterprise (SFE) and the Lord Mayor of London, will bring together global investors policy makers and leaders from three of the nation’s growth sectors, financial services, renewable and life sciences, with the goal of securing inward investment.

Scotland’s financial services sector is worth £17.7 billion to the economy and supports around 150,000 skilled jobs.

Scottish Financial Enterprise is the representative body for Scotland’s financial services industry, with over 110 member companies.

Its members include Aberdeen, Baillie Gifford, Aegon UK, Standard Life parent Phoenix Group, Royal London, Walter Scott & Partners parent Bank of New York Mellon, Hymans Robertson, Lloyds Banking Group (parent of Bank of Scotland & Scottish Widows), Royal Bank of Scotland-NatWest, Scottish National Investment Bank, Barclays, BlackRock and Morgan Stanley.

SFE CEO Sandy Begbie said: “We are delighted to be welcoming the Governor of the Bank of England to Scotland’s Global Investment Summit, which is shaping up to be a unique opportunity for Scotland’s economy.

“The investment summit will provide an ideal launch pad to enhance the nation’s reputation further, showcasing Scotland as a world-class investment destination while bringing global investors face-to-face with industry leaders, Scottish firms and policymakers.

“As we continue to deliver our industry growth strategy, this can only help unlock substantial investment in key sectors, while creating new jobs and economic growth for Edinburgh and beyond. We strongly believe that the summit’s agenda will help deliver on this for all three of the key sectors involved.”