Finance industry targeted for growth in Scotland

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The Scottish Executive has unveiled a joint initiative between the government and industry to assess how to boost Scotland's position as a key financial services centre.

Launched yesterday by Jim Wallace, deputy first minister as well MSP responsible for lifelong learning, the new strategy will look at three aspects of the industry – people and infrastructure, and the profile of the industry along with product and service innovation – as the Executive is concerned growth of other cities within the UK and across the globe could reduce the industry’s long-held position. To counter the prospect of a reduction of financial services, the Financial Services Advisory Board has been created to include members of the industry who can advise on what might be neede...

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