Scottish National Investment Bank Bill: Stage 3

Part of the debate – in the Scottish Parliament at on 21 January 2020.

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Photo of Jackie Baillie Jackie Baillie Labour

I am pleased to speak to amendment 1, in my name. The Economy, Energy and Fair Work Committee had a strong view that the bank must invest more widely than in the private sector alone. I want the bill to maximise the impact of the bank by developing a financial institution that allows organisations such as co-operatives, social enterprises and the third sector to secure finances.

We know that social enterprises and co-operatives pay a key role in regenerating some of our most hard-pressed communities. By enabling the bank to invest in them, we help our economy to achieve inclusive growth. I hope that members will support amendment 1.