Economy and Workforce

Fife is home to 373,550 people. It makes a significant contribution to the Scottish economy with an annual business turnover of around £12,500 million. As well as supporting over 10,000 businesses and around 150,000 jobs Fife is the perfect choice for businesses attracted by proximity, first-class business propositions, a capable workforce and lower costs.

Fife's Economic Strategy 2017-27 is our economic strategy for the region.

It sets out the way Fife Council and its partners will work together to achieve stronger, sustainable and more resilient economic growth for Fife's businesses, growth which is shared by all.

The Strategy identifies four priority areas were actions will be targeted:

Monthly Economic Updates

Fife Council publishes a monthly report about Fife's economy and labour market. These provide figures on the number of people claiming unemployment benefits in Fife and Fife's employment and unemployment rates.

Fife’s Business Base

The 2020 Fife Business Base Report provides an overview of the type and performance of businesses that are operating in Fife. It contains information about the different industrial sectors in Fife, their size, people employed and their productivity rates. Whilst most of the data relates to the pre-Covid period, the report contains a brief assessment of the initial impact to date of Covid-19 on Fife’s business base and the report will be updated as new data is released.

To access a range of socio-economic, health and wellbeing information and statistics about Fife visit the KnowFife Dataset

Workforce

Fife’s workforce exceeds 220,000 people and the region is within an hour’s drive of 1 million workers. It makes a significant contribution to the Scottish economy with an annual business turnover of £10,312 million that supports around 9,000 businesses and 94,000 jobs.

Fife has a strong commitment to workforce training, life-long learning and skills development – creating the conditions to attract and retain talent, develop a knowledge economy and promote a culture of enterprise.

 

Key facts about Fife's workforce

 

Set Up and Operating Costs

Overheads in Fife are among the most competitive in Scotland and commercial rents, property sale values and business rates are lower than in other, nearby Central Belt locations.

If you require any additional information please contact us

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