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

Scotland has an industrial strategy. Even this year, as part of our recovery, there has been an increase of £20 million in the investment into the National Manufacturing Institute Scotland, which takes the total to £75 million. That will be a real driver for innovation and development.

I absolutely agree with Alex Rowley on housing. If we are looking at place-based approaches and we want to tackle inequalities and issues relating to low carbon, it is quite clear that housing provides an opportunity. He is quite right that aligning that with the opportunities to skill and train young people is really important.

We have seen the construction sector’s recovery plan, and we are due to see the manufacturing sector’s recovery plan shortly. With the added opportunity for investment that I have described, we can see some drivers for growth in jobs and innovation, particularly in our manufacturing sector. Our work on sustainable procurement and development will also help the manufacturing base of Scotland.