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NEW PARTNERSHIP WILL BRING WORLD CLASS INTERNET GATEWAY FOR SCOTTISH TOURISM

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Partnerships UK has broken new ground by making its first investment ...
Partnerships UK has broken new ground by making its first investment

in a Wider Market's project with Visit Scotland to create a National

Tourism Portal for Scotland, PUK chief executive James Stewart

announced today.

It represents a key public enterprise development opportunity for

Partnerships UK to allow entrepreneurial talent to flourish in the

public sector, so allowing for potential of public sector assets to

develop.

This partnership represents a fulfilment of one of PUK's objectives

to invest alongside public sector partners to make projects happen.

This puts Partnerships UK at the forefront of ensuring that

entrepreneurial talent in the public sector flourishes in achieving

full value out of public sector assets.

In particular the groundbreaking project will

- Bring£11m of new investment

- Provide a single point of access to 25,000 tourism products and

services

- Generate 2500 additional jobs in Scottish tourism

Partnerships UK has added value at the sharp end of public sector

enterprise through its distinctive skills and expertise. This is an

approach that can be replicated across a wide spectrum of public

sector activities.

James Stewart, chief executive of Partnerships UK said:

'Partnerships UK is pleased to be involved in this exciting wider

markets public private joint venture. I believe it will add

significant value to the Scottish Tourist Board industry, which will

benefit from innovative technology and create market access for

individual businesses.

Philip Riddle, chief executive of VisitScotland said:

'The way visitors access and book information is changing with more

and more people gaining the confidence to book on-line every single

day. We want to be a part of this changing face of tourism and lead

the way in creating a state of the art website which can only bring

benefits to everyone involved.'

Tourism represents 5% of the Scottish economy:£2.5bn of direct value

per year, whilst providing 8% of all jobs.

For Visit Scotland this will be building on proven success, every£1

it spends on promotion generates£12 for the Scottish tourist

industry.

This venture will provide a single point of information and

e-commerce vehicle to boost Scottish tourism. It will facilitate the

ability of visitors to book online and obtain a complete range of

information of businesses on a single site.

This is an exciting opportunity to develop this sector. This single

portal will be a leap forward in marketing for Scottish companies.

It will meet crucial objectives in the Scottish Executive's National

Strategy for Tourism, providing online booking, e-commerce facilities

and market research information.

NOTES

1. Partnerships UK, a public private partnership, was launched in

June 2000 as a government owned company. It successfully completed a

capital raising exercise in March 2001, which resulted in the sale of

51% of the shares to private sector investors. HM Treasury and

Scottish ministers continue to hold a 44.56% and a 4.44% stake

respectively.

2. PUK was established to accelerate the development, procurement and

implementation of public private partnerships. Partnerships UK works

exclusively with and for the public sector, committing human and

financial resources in pursuit of high quality, cost effective and

sustainable public services and investments. Partnerships UK is

itself a PPP.

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