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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

The Scottish Government is, of course, investing significantly in the renewables industry. Last weekend, the First Minister announced the wave and tidal renewables scheme. I thought that Mr Macdonald would have jumped to his feet to welcome that; he normally jumps to his feet to welcome things that the First Minister has announced.

I caution Mr Macdonald to consider Mr Gibson's question. He cannot assume that all of the green investment bank's £2 billion—I confirm that that is the value of the fund—will be used for renewable development, although I think that its approach would be better and more sustainable if that were the case. If Mr Macdonald wants to support the Government on that, he will be a welcome ally.