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

Enhancing the role of local government is key, as we have seen through the growth deals, in which decisions about where those major, multimillion-pound investments should go are driven by local government. The bank can align with that, as I said in my answer to Kenneth Gibson.

The Government certainly looks at different models when it is considering the SNIB, including German, Dutch and other examples. I know that Eilidh Mactaggart is interested in working with different local authorities on the place-based mission, and the Government’s advisory group on missions will draw from a wide range of civic responsibilities, including local government.

We are also working very closely with local authorities to identify what their needs are, and the place-based approach—which the Scottish Enterprise has been involved in, as we seen in the Clyde mission—is a good example of what we can do on alignment with local government needs.