Orkney is a unique economy within Scotland and has a number of significant economic strengths. It performs well on key measures of aggregate economic performance, with low levels of unemployment and relatively high levels of household income (compared to the Scottish average). It has key strengths in a number of important sectors, from tourism to the marine sector through to food and drink. Across the 70 islands that make up Orkney there is world-class renewable energy potential. Looking at what is best for Orkney’s economy, both at a local level and how national policy will impact upon local outcomes, is therefore crucial. The aim of this report, by the Fraser of Allander Institute, is to inform discussions on the future priorities of Orkney both locally and nationally.