Scottish National Investment Bank

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

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Photo of Dean Lockhart Dean Lockhart Conservative

When the legislation to create the bank was passed, there was widespread agreement that it should focus on the provision of long-term, patient capital. However, we now know that thousands of viable firms across Scotland will not survive the next six months without urgent short-term capital investment to see them through the pandemic.

Does the cabinet secretary recognise the need not only for Scottish Enterprise but also for the bank to be actively involved in the response to Covid and to provide significant short-term investment capital from its own budget? The capital that is now required is far in excess of what Scottish Enterprise can provide.