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Scottish National Investment Bank Bill published 28/02/2019 Legislation to support the establishment and capitalisation of the Scottish National Investment Bank has been published by the Scottish Parliament.

Scottish National Investment Bank Bill published

Legislation to support the establishment and capitalisation of the Scottish National Investment Bank has been published by the Scottish Parliament.

The Bill grants the necessary powers to set up the Bank, which is intended to provide financing for businesses through their whole life cycle and for important infrastructure projects to catalyse private sector investment. The Bank will be a public limited company and Ministers will be given the power to guide its strategic direction by setting missions that will address socio-economic challenges.

The Scottish Government has committed to investing £2 billion over 10 years to capitalise the Bank, which will be operational in 2020.

The Bill can be found here.
 

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