The Public Audit Committee looks at reports published by the Auditor General for Scotland to examine whether public money is being spent efficiently and effectively.

On 15 May 2025 the Auditor General for Scotland published Scottish National Investment Bank.

The report says "The Scottish Government provides the Bank with funding to invest on a commercial basis. Investments are expected to deliver a financial return. The Bank has made progress against its objective to become operationally financially self-sustaining by 2024/25, helping reduce dependency on the Scottish Government for its operating costs. Single-year capital allocations from the Scottish Government, which are difficult to align with the Bank’s commercial activity, make maintaining this position a challenge. The Scottish Government’s ambition is for the Bank to become a perpetual investment fund that is not dependent on ongoing public funding. To achieve this perpetual fund ambition, the Scottish Government will need to address the barriers presented by current HM Treasury financial management rules".

Read the report on Audit Scotland's website