By James Bayley
Published: 16 January, 2024
The Scotch Whisky industry contributes more than £7bn to the UK economy, a report has found.
According to the Scotch Whisky Association (SWA), sales contributed £5.3bn to the Scottish economy and £1.8bn in the rest of the UK in 2022, marking a 29% increase since 2018.
It means Scotch accounts for £3 in every £100 of Scotland’s gross value added (GVA), second only to energy in economic stature north of the border.
Mark Kent, chief executive of the SWA, said: “The Scotch Whisky industry has once again proven its economic significance to the UK domestically and on the world stage, and these figures highlight the importance of backing a key sector for productivity, exports and employment.
“The past five years have been turbulent for our sector, as we faced retaliatory tariffs in the United States, in addition to the global pandemic and the knock-on economic pressures. The Scotch Whisky industry has remained resilient, with…
