Remit
As part of its mainstreamed scrutiny of the Scottish Government’s 2016-17 Draft Budget, the Committee has agreed to undertake an evidence gathering exercise between September and November 2015, with the following scope:
To examine the ability of Scottish Local Government Pension Funds (“LGPFs”) to support the delivery of local capital infrastructure through their investment policies by—
a) Looking at how current investment vehicles are developed with a view to attracting LGPF investment to support the delivery of capital infrastructure (such as housing or transport projects etc.) in other parts of the UK;
b) Examining perceived barriers to local capital investment vehicles and how these link to Funds’ investment strategies, their fiduciary duty and the legislative framework; and
c) Considering if there is a role for other public policy initiatives, such as City or Region Deals, to help foster an economic environment for such investment vehicles to be developed.
Evidence
The Committee took preliminary evidence from key stakeholders at its meeting on 29 April 2015—
Following this meeting, the Committee wrote to each of Scotland's local authority pension funds seeking further information—
Other related submissions—
Fact-finding visits
The Committee has also agreed to undertake fact-finding visits to Greater Manchester (Sept 2015) and Inverclyde (Oct 2015) in relation to this work. Further information on these visits will be published in due course.