Chamber and committees

The Economy: Amendment 3

Submitted by: Keith Brown, Clackmannanshire and Dunblane, Scottish National Party
Date lodged: Tuesday, 14 June 2016
Motion type: Amendment
Motion reference: S5M-00448.3
Current status: Taken in the Chamber on Wednesday, 15 June 2016

As an amendment to motion S5M-00448 in the name of Jackie Baillie (The Economy), leave out from “indicate” to end and insert "recognises that the Scottish economy, and the oil and gas sector in particular, is facing many external challenges though will continue to grow this year, despite the impact of lower oil prices on the oil and gas sector, which has revised up its growth forecast for 2017, as the negative impact of the oil price fades and the pace of expansion picks up; acknowledges the EY Attractiveness Survey, which showed that Scotland attracted more foreign direct investment projects than any part of the UK outside London last year and has “been resilient in managing to weather the oil and gas price volatility storm whilst also being able to flourish in other sectors”; recognises the measures that the Scottish Government is taking to support workers and companies affected by falling oil prices and the wider slowdown in the global economy, including the Energy Jobs Taskforce, which has supported 8,800 individuals and over 100 employers to help those affected move forward into new employment, training or education; recognises that the Bank of Scotland oil and gas sector report provides clear evidence that there are still opportunities in the North Sea, and finds that more than half of companies believe that the UK Government must bring forward further support for exploration activity.”