The self-catering industry in Dumfries and Galloway is a significant contributor to the local economy, generating more than £30 million annually. A recent report conducted by consultants BiGGAR Economics highlighted the impact of short-term lets (STL) on the region, supporting over 1,000 jobs. These figures reveal the importance of the self-catering sector in driving economic growth and employment opportunities in Dumfries and Galloway.
The study further examined the broader impact of STLs across Scotland, showing that the industry contributed over £850 million in gross value added (GVA) to the Scottish economy in 2023, sustaining nearly 30,000 jobs. In Dumfries and Galloway specifically, the industry generated a GVA of £31.8 million and supported 1,079 jobs. These numbers underscore the positive effects of the self-catering sector on both a regional and national level.
According to the report, 2.1% of properties in Dumfries and Galloway are used as short-term lets, while vacant homes account for 4.2% of the housing stock. The study also revealed that the annual GVA for a two-bedroom STL is significantly higher compared to owner-occupied or private rented properties in the region. Graeme Blackett, Director of BiGGAR Economics, emphasised the sector’s contribution to Scottish tourism and the economy as a whole.
Despite the economic benefits brought about by STLs, there have been challenges regarding licensing requirements. Figures indicated that there were more STL properties in operation than those with the necessary licences. Local authorities have been urged to consider the findings of the report when formulating planning policies to safeguard the interests of legitimate short-term lets that play a crucial role in boosting the local economy.
Fiona Campbell, CEO of the Association of Scotland’s Self-Caterers, highlighted the essential role of STLs in supporting local economies and job creation. She emphasised the need for balanced regulations that protect legitimate operators while addressing broader housing challenges. The report underscores the complex interplay between tourism, housing, and economic development, urging policymakers to adopt a holistic approach in addressing these issues.
In conclusion, the self-catering industry in Dumfries and Galloway plays a vital role in driving economic prosperity and employment opportunities. While challenges exist in terms of licensing and regulation, the sector’s positive impact on the local economy cannot be understated. By striking a balance between supporting legitimate operators and addressing wider housing concerns, policymakers can ensure sustainable growth and development for both the tourism sector and the community at large.