Date lodged: 15 May 2019
To ask the Scottish Government how it defines the term "private sector" in the context of the proposed Scottish National Investment Bank's lending solely to the private sector.
Answered by: Derek Mackay 29 May 2019
The Policy Memorandum set out that: “The Bank will lend solely to the private sector” and that: “It will not lend to public institutions including local authorities, government agencies or arms-length bodies.” In this context we have used ‘private’ to refer to sectors out with the public sector. The Bank will be able to provide financial assistance for commercial activities, which may be carried out by a range of bodies such as social enterprises, those in the third sector and cooperatives, as well as other types of body or organisation in the private sector. See also the answer to question S5W-23167 on 29 May 2019. All answers to written parliamentary questions are available on the Parliament's website, the search facility for which can be found at http://www.parliament.scot/parliamentarybusiness/28877.aspx .