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Parliamentary debates and questions

S5W-23159: Jackie Baillie (Dumbarton)

Scottish Labour

Date lodged: 15 May 2019

To ask the Scottish Government how it defines the term "commercial" in the context of the equality impact assessment of the Scottish National Investment Bank Bill, which refers it to giving “financial assistance to commercial activities”.

Answered by: Derek Mackay 29 May 2019

In referring to “financial assistance to commercial activities” the Equality Impact Assessment is in turn referring to Section 2(1) of the Scottish National Investment Bank Bill and that section mirrors what is provided for in Schedule 5 of the Scotland Act 1998. In this context “Commercial” refers to business activities that are profit-making or aim to be profit-making, carried out by business associations of various types, that the Bank may be interested in providing financial assistance to.