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Chamber and committees

Question reference: S6W-28275

  • Asked by: Maurice Golden, MSP for North East Scotland, Scottish Conservative and Unionist Party
  • Date lodged: 20 June 2024
  • Current status: Answered by Kate Forbes on 18 July 2024

Question

To ask the Scottish Government what funding the Scottish National Investment Bank has (a) received and (b) issued to applicants in each year of its operation.


Answer

The Bank receives funding through Grant in Aid which it uses to cover operating costs and fund its investments. From launch in November 2020 to the end of March 2023, the Bank received a total of £325m and has invested £304m. The annual breakdown is detailed below. The amount of cash invested in 2023-24 will be confirmed in the Bank’s audited Annual Accounts which will be published in the coming months.

Financial Year

SG Cash Funding
‎ £m

Cash Invested
‎ £m

2020-21(part year from November 2020)

31

23

2021-22

143

129

2022-23

151

152