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            "text": "SCOTTISH ENTERPRISE ANNUAL REPORT AND ACCOUNTS 2026",
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            "text": "Chief Executive's Statement",
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            "text": "Delivering Impact",
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            "text": "Scotland has the assets, talent and ambition to compete globally. In 2025/26, we have translated these strengths into impact-working with businesses and partners to unlock opportunity where it matters most. Our performance reflects continued progress in strengthening Scotland's economy-supporting businesses to grow, scale and attract investment."
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            "text": "The year also brought material headwinds. Higher employer costs, a tariff environment that disrupted trade flows, and global investment confidence at a multi-year low, all weighed on activity. Foreign direct investment fell by 11% globally and by as much as 58% across Europe. Overall, growth remained positive, but below potential."
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            "text": "There were also clear signs of resilience. Interest rates began to stabilise, Scotland's underlying attractiveness to international investors held firm, and new export opportunities are emerging in high-value sectors and markets, such as life sciences and AI - pointing to long-term potential. Our trade performance reflected these conditions, with supported projects securing £2.15bn in export sales - among our strongest annual results over time and above the five-year average."
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            "text": "Our response to the environment is to remain focused and disciplined, channelling support to where it has most impact. Strengthening our international presence, and deepening engagement in priority markets such as the US and the Middle East."
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