Scottish National Investment Bank Activities and Impact

The Scottish National Investment Bank has been making waves in the financial sector since its establishment. It's been working to address the economic challenges faced by Scotland, particularly in the wake of the pandemic.

The bank has been focusing on supporting businesses that are looking to innovate and grow. This includes providing funding for companies in the clean energy sector, such as those involved in renewable energy and energy efficiency.

The Scottish National Investment Bank is off to a strong start, with a clear focus on supporting Scottish businesses and communities. It has already invested £300 million in its first year of operation.

One of the bank's key activities is providing finance to small and medium-sized enterprises (SMEs), which are the backbone of Scotland's economy. By supporting these businesses, the bank is helping to create jobs and stimulate growth.

The bank's performance has been impressive, with a significant proportion of its investments going to socially and environmentally sustainable projects.

The Scottish National Investment Bank is focused on making a positive impact on Scotland's economy and society. Its investment activities are guided by three main aims.

The Bank's first aim is to support Scotland's transition to net-zero carbon emissions by 2045. This is a crucial goal, as the Bank recognizes the importance of reducing Scotland's carbon footprint to mitigate the effects of climate change.

The Bank's investment approach is mission-led, meaning it focuses on addressing social challenges while investing in economic opportunities. This approach is reflected in its three missions: achieving a Just Transition to net-zero carbon emissions, extending equality of opportunity, and harnessing innovation to enable people to flourish.

The Bank's investments have already made a significant impact, with £194.4 million committed across 14 mission-aligned investments in projects and businesses across Scotland. This investment has helped to support businesses in scaling up and unlocking additional growth in the Scottish economy.

Here are some key statistics on the Bank's investments:

The Bank's investments have also helped to support the creation of high-value jobs in the Scottish tech ecosystem, strengthening Scotland as an innovative hub for the next generation of entrepreneurs.

Research on Bills is crucial for understanding how banks operate. The Scottish Parliament's Information Centre (SPICe) prepares impartial research and analysis to assist MSPs in their examination of Bills and other parliamentary business.

The SPICe briefing for the Scottish National Investment Bank Bill is a valuable resource. It provides detailed information on the Bill's progress and stages.

The Bill was introduced on 27 February 2019, marking the beginning of its legislative journey. This date is significant as it sets the stage for the Bill's examination and potential passage.

The Scottish National Investment Bank Bill Stage 1 Report is a key document that outlines the Bill's progress and recommendations. This report is essential reading for those interested in the Bill's development.

Printing changes are changes to the text of a Bill, but they won't change the legal effect of the Bill.

The Scottish National Investment Bank Bill had some printing changes made to it after it passed.

These changes were posted on 20 April 2020, and can be found in a PDF document.

The Bill ended Stage 3 on 21 January 2020, just before the printing changes were made.