A recent report by the Scotch Whisky Association (SWA) has revealed that Scotch whisky played a crucial role in the UK economy in 2022, contributing £7.1 billion. The report highlights a significant increase of 29% in whisky’s economic contribution since 2018.
Scotland, the heartland of Scotch whisky production, benefited from a £5.3 billion boost, representing approximately 3% of Gross Value Added (GVA). Scotch whisky constituted a major share of Scotland’s food and drink exports, contributing 77%, and accounted for 26% of the UK’s overall exports in this category.
Despite challenges such as retaliatory tariffs in the United States and the global pandemic, the Scotch whisky industry demonstrated resilience. Mark Kent, Head of SWA, emphasized the industry’s economic significance and resilience over the past five years. He underscored the importance of government support to help businesses invest in the UK economy.
The Scotch whisky sector, a vital part of the UK’s food and drink industry, plays a pivotal role in job creation. The industry supports 66,000 jobs across the UK, with 41,000 jobs in Scotland alone. The report also stressed the industry’s commitment to sustainability, visitor attractions, and the establishment of new distilleries to drive job growth and economic development.
Scottish Secretary Alister Jack welcomed the report and highlighted the global value of Scotch whisky. He acknowledged the UK government’s efforts, including duty cuts and the removal of punitive tariffs in the US market, to support the Scotch whisky industry. The report comes ahead of the UK spring budget on March 6 and the general election, emphasizing the need for continued government support for the industry.