To ask the Scottish Executive what stakeholders it has met to discuss ways to establish a youth microcredit scheme.

Under the auspices of Financial Services Advisory Board (FISAB), work has already been undertaken, including desk based research and consultation with a number of key stakeholders, looking at the microcredit market in Scotland and considering whether gaps exist. With regard to youth microcredit, the Prince’s Scottish Youth Business Trust (PSYBT) is seen as the main provider of support to young people and there is currently no evidence to suggest further provision is necessary.