The Scottish economy gains £9 million a year from construction work in London, according to a new study.
Business group London First said its report, produced by PricewaterhouseCoopers (PwC), also found that 210 jobs in Scotland were supported by London construction on an annual basis.
Lindsay Gardiner, regional leader at PwC in Scotland, said that investment and infrastructure has been central to creating jobs and stimulating growth across UK regional economies and this research reinforces the benefits brought by construction and development.
He said: “With the rate of development in London showing no sign of slowing down over the next few years, the challenge will be for businesses in Scotland to not only ensure they remain competitive but well positioned to play a key role within this buoyant supply chain.
“With Scotland’s construction sector strongly outperforming the admittedly weak performance across the UK as a whole, we can perhaps draw some parallels here.
“This positive trend can, in part, be attributed to the Scottish Government’s focus on infrastructure spending in recent years. With major programmes such as the Forth Road Bridge crossing and Aberdeen Western Peripheral Road in the pipeline… we could hope to see this multiplier effect continue to ripple out across towns in Scotland.”