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Credit Unions

Part of Question Time — Scottish Executive — Finance and Sustainable Growth – in the Scottish Parliament at 2:15 pm on 11th September 2008.

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Photo of Jim Mather Jim Mather Scottish National Party 2:15 pm, 11th September 2008

The issue should be considered in the wider context. In addition to the fairer Scotland fund, we have established the Scottish investment fund and the third-sector enterprise fund, which is the most likely source of funding for credit unions that intend to become more socially enterprising.

On the wider point about new regulations, I would welcome a meeting with the credit unions as an industry sector so that they can have a dialogue with us, and I would welcome Hugh O'Donnell's presence at such a meeting. That would give us more clarity about how credit unions might move forward and fit into the wider scope of the funding, the new approach and the general thrust that we want our credit unions to be all that they can be.