Through the Borders Railway Blueprint, Scottish Borders, Midlothian and City of Edinburgh councils – together with the Scottish Government, Scottish Enterprise, VisitScotland and ScotRail – are fully committed to maximising the economic benefits of the railway and to attracting new investment into the area.
Over the next few years, the Edinburgh city region is expected to see significant economic and population growth, along with rising tourism volumes, a diversifying business base, and increased demand for skills. And with well over a million passenger trips on the railway in the first twelve months of operation, there has never been a better time to consider a move to the area.
- The Borders Railway connects Edinburgh city centre with significant new development opportunities, including planned and in-construction housing and mixed-use projects, business and industrial parks and new visitor attractions, creating fantastic opportunities for businesses and investors to take advantage of these growing markets.
- Over 10,000 new homes and 150 hectares of commercial land are due to be built in the immediate vicinity of the railway corridor.
- The Borders Railway offers half hourly services to Edinburgh Waverley Station making travel for local businesses and their employees faster and more efficient.
- The railway runs through the South-East Edinburgh Zone, one of four strategic areas for development identified in the City of Edinburgh Council's Economic Strategy which includes Edinburgh Bio-Quarter, Edinburgh Royal Infirmary and major retail hubs at Fort Kinnaird and Cameron Toll.
- The immediate railway corridor area takes in the main towns of Dalkeith (Eskbank), Newtongrange, and Gorebridge, Stow, Galashiels and Tweedbank.
- The wider area is within easy access and includes the towns of Penicuik, Bonnyrigg, Loanhead, Musselburgh, Melrose, Selkirk, Newtown St Boswells, Earlston and Lauder.
- The area as a whole contributed £23 billion to the Scottish economy in 2015.
- In 2015, the gross value added (GVA) of the Edinburgh economy was £18.4 billion, equating to £36,963 per resident (Scottish average £23,685 and UK average £25,601).
- In 2014, there were 1.01 jobs per resident aged 16-64 in Edinburgh compared with 0.80 in Scotland.
- It has been forecast that, between 2012 and 2030, an extra 32,300 jobs will be created in Edinburgh, an extra 3,000 in Midlothian and an extra 1,900 in the Scottish Borders.
Of 5,330 registered businesses in the Scottish Borders in 2016:
- 5,015 (94.1%) were micro and small enterprises employing 49 people or less
- 120 (2.3%) were medium-sized enterprises employing between 50 and 249 people
- 190 (3.6%) were large enterprises employing more than 250 people
These businesses had a combined turnover of £3.3 billion.
Of 2,495 registered businesses in Midlothian in 2016:
- 2,245 (90%) were micro and small enterprises employing 49 people or less
- 85 (3.4%) were medium-sized enterprises employing between 50 and 249 people
- 170 (6.8%) were large enterprises employing more than 250 people
These businesses had a combined turnover of £2.2 billion.
Of 19,285 registered businesses in Edinburgh in 2016:
- 17,530 (90.9%) were micro and small enterprises employing 49 people or less
- 755 (3.9%) were medium-sized enterprises employing between 50 and 249 people
- 1,000 (5.2%) were large enterprises employing more than 250 people
These businesses had a combined turnover of £25.8 billion.