GOLF IS A £1 BILLION INDUSTRY IN SCOTLAND, ACCORDING TO KPMG REPORT

NEWS RELEASE FROM KPMG
 Golf in Scotland is now a £1 billion industry, according to new research conducted by KPMG in association with Oxford Economics.

The ‘Value of Golf to Scotland’s Economy’ report, commissioned by the Scottish Golf Union in conjunction with VisitScotland and Scottish Enterprise, and published today at the KPMG Golf Business Forum in St Andrews, found that the industry generates £1.171 billion in revenues, including direct, indirect and induced effects. 

More than 20,000 people are employed in golf in Scotland – one in every 125 jobs are dependent on golf – creating wage payments of £300 million.

Once costs are taken into account, golf directly contributes £496 million to Scotland’s gross domestic product (GDP) annually, equivalent to 0.4% of the country’s total economic output.

While Scotland is known worldwide as ‘The Home of Golf’, it is the first time the value of golf to Scotland has been measured in this way. 

Hamish Grey, CEO of the Scottish Golf Union, said: “This report clearly demonstrates the significant value of golf to Scotland’s economy. Comparing it to other industries, we can now see for the first time that for example golf’s direct contribution to GDP is 89% that of fishing and fish farming, and 83% of air transport. 

“Scottish golf clubs are continuing to operate in challenging conditions, particularly in terms of finance and climate, and the Scottish Golf Union are providing our affiliated clubs with increased support, guidance and help with future business planning to ensure we have stronger clubs in the future to take advantage of the money spent in the industry.

“Our collective challenge is to work together to build on the evidence base from this report and ensure that future generations of Scots benefit from this great game and the related industry.”