Scottish National Investment Bank

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

Alert me about debates like this

Photo of Fiona Hyslop Fiona Hyslop Scottish National Party

The bank will be involved in our recovery. There are opportunities for short-term investment that can help to deliver in a number of areas, particularly in transport, in the immediate creation of jobs and in supporting companies.

It is important to recognise, however, that the bank must focus on long-term, patient capital. We will therefore make provision and offer support. I have managed to secure additional capital investment for Scottish Enterprise, particularly in some of the areas that we have been talking about.

I say as gently as possible that we must also anticipate the disruption that we cannot deny is likely to come in January, February and March because of Brexit. It is important that we are in a position to support companies and supply chains during that period of disruption. As of now, we do not know what kind of deal there will be or whether there will be no deal. I am worried about that period. We are looking into an abyss, and we do not know where we will be.