Scottish National Investment Bank

Part of the debate – in the Scottish Parliament on 2nd December 2020.

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Photo of Fiona Hyslop Fiona Hyslop Scottish National Party

I welcome the Ayrshire growth deal, which has recently been taken forward. Again, that shows the opportunities for investment in key areas. One of the bank’s jobs will be to align with other sources of investment. Clearly, there is a great deal of investment from the Scottish and United Kingdom Governments in the growth deals, and the bank can align with such public sector investment.

Importantly, the bank can also align—as it did with its first investment—in generating private investment, to ensure that we maximise opportunities. That is particularly important in relation to the exciting work that will happen through net zero activities. Alignment with some of the growth opportunities, particularly in relation to the space sector and others, will be really important. I am sure that the bank will also be interested in aligning with the opportunities in the Ayrshire growth deal, but I emphasise that the bank will operate independently of Government.