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The report shows a disproportionate impact on the region compared with other parts of the country, including a forecast decline in GDP of between £1.5bn and £2.6bn.
Martin Johnson, HIE’s interim director of strategy and regional economy, said:
“As the region’s economic and community development agency, we undertake and publish research and analysis on key issues.
“This report, therefore, builds on the information we have previously published on the different ways in which covid-19 has been affecting the region’s economy.
“It will form part of the region’s voice, feeding into the national picture and help inform our approach to supporting businesses and communities during the recovery.
“As anticipated, the report shows the road to recovery is a long one. This underlines the need to collaborate and innovate, and to draw on the many strengths this region has.
“Natural assets such as the marine economy, for example, are expected to generate many new economic opportunities in relation to the green recovery and drive towards the net-zero targets. It’s crucial that businesses, communities, academic institutions and the public sector work together to make the most of these opportunities and rebuild our region’s economy.”
‘The Impact of COVID-19 on the Highlands and Islands’ report is available on the Research & Reports page of HIE’s website.
Search for for school leavers and recent graduates who want to make a difference to the future of the region.
David Reid starts in the role from today (1 July)
HIE Board hears from Moray businesses and communities
The Cabinet Secretary for Finance and Economy, Kate Forbes MSP, has announced the appointment of four new HIE Board members.
HIE has published the findings from the most recent Highlands and Islands Business Panel survey.
Bute Kitchen secured £20,000 COVID recovery support from HIE
New appointment for HIE in the Outer Hebrides
Businesses in the Highlands and Islands continue to be challenged by increasing costs, economic uncertainty and supply chain issues.
A new wind tower factory at Nigg is expected to create hundreds of skilled manufacturing jobs.
HIE has published its annual report and accounts for 2020-21
