Question reference: S5W-34616
- Asked by: Jackie Baillie, MSP for Dumbarton, Scottish Labour
- Date lodged: 18 January 2021
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Current status: Answered by Fiona Hyslop on 27 January 2021
Question
To ask the Scottish Government what proportion of Financial Transactions money has been deployed to the Scottish National Investment Bank since its inception.
Answer
Initial capitalisation is through Financial Transactions, this includes budget of £490 million for precursor investment allocated between 2018-21 which includes £220m in this year’s budget. The Bank’s first investment is £12.5m in M Squared Lasers and more information is available here, https://www.thebank.scot/media-centre/first-minister-launches-scottish-national-investment-bank/ .
Decisions about the precise mix and source of capital that will deliver the full £2 billion for the Bank will be made in light of future budget settlements and other calls on the Scottish Government’s capital programme.