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Parliamentary debates and questions

S5W-11232: Jackie Baillie (Dumbarton)

Scottish Labour

Date lodged: 12 September 2017

To ask the Scottish Government, further to the announcement in its Programme for Government, when the Scottish National Investment Bank will be launched; what its budget will be, and how many staff it will employ.

Answered by: Keith Brown 26 September 2017

Benny Higgins Chief Executive Officer of Tesco Bank, has agreed to lead work on developing an Implementation Plan for the Scottish National Investment Bank. This work is due to be completed by February 2018 and will consider the optimum governance structure, scope of bank operations, the operating model and propose a capitalisation plan. These are vital steps that will see the establishment of a Scottish National Investment Bank to provide patient capital investment to support the Scottish economy.

The Terms of Reference for the Implementation Plan can be found via the following link: https://beta.gov.scot/publications/national-investment-bank-implementation-plan-terms-of-reference/