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United Kingdom Budget

Part of the debate – in the Scottish Parliament at 4:45 pm on 25th March 2010.

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Photo of John Swinney John Swinney Scottish National Party 4:45 pm, 25th March 2010

There would certainly be a great advantage in ensuring that the renewables sector benefited from the green investment bank. There is a tremendous and sustainable opportunity for many generations to come that does not have the ramifications and consequences that investment in the nuclear sector would have. Taking that opportunity would also give a tremendous stimulus to the Scottish economy and boost Scotland's manufacturing sector. We will certainly press for that, but we will also continue to press for the release of fossil fuel levy resources of around £200 million. That money could make a fantastic contribution to renewable development in Scotland, if it was not for the United Kingdom Government's perverse accounting rules.