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Chamber and committees

Question reference: S6W-29325

  • Asked by: Ash Regan, MSP for Edinburgh Eastern, Alba Party
  • Date lodged: 27 August 2024
  • Current status: Answered by Alasdair Allan on 16 September 2024

Question

To ask the Scottish Government whether it has considered using the Scottish National Investment Bank to provide finance to local authorities to ensure that buildings meet net zero standards, including through the Mixed Tenure Improvement Service by the City of Edinburgh Council.


Answer

Under its remit, the Scottish National Investment Bank (‘the Bank’) cannot invest in local authorities or give guarantees. However, they can work with local authorities and create joint venture structures, as long as the Bank is not investing in the local authority.

The Bank is operationally independent. As such it makes its investment decisions independent of the Scottish Government and Scottish Ministers.