- Asked by: Dean Lockhart, MSP for Mid Scotland and Fife, Scottish Conservative and Unionist Party
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Date lodged: Thursday, 29 March 2018
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Current Status:
Answered by Fiona Hyslop on 12 April 2018
To ask the Scottish Government, following the end of its Five Year Strategy for Engagement between Scotland and the People’s Republic of China in 2017, what plans it has for a new strategy for engagement with the country.
Answer
The refresh of Scotland’s China Engagement Strategy is currently under development. We expect to publish the revised strategy in spring 2018.
- Asked by: Dean Lockhart, MSP for Mid Scotland and Fife, Scottish Conservative and Unionist Party
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Date lodged: Tuesday, 20 March 2018
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Current Status:
Answered by Keith Brown on 29 March 2018
To ask the Scottish Government, further to the publication of the Scottish National Investment Bank Implementation Plan, whether the Scottish Futures Trust will be operated by the Scottish National Investment Bank.
Answer
The Implementation Plan identifies Scottish Futures Trust as a key stakeholder and that the Bank should work collaboratively alongside Scottish Futures Trust. This will ensure that the objectives of Scottish Government in delivering value for money infrastructure investment are achieved in a joined-up manner. Ministers will give consideration to the Implementation Plan recommendations over the coming weeks.
- Asked by: Dean Lockhart, MSP for Mid Scotland and Fife, Scottish Conservative and Unionist Party
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Date lodged: Tuesday, 20 March 2018
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Current Status:
Answered by Keith Brown on 29 March 2018
To ask the Scottish Government how much it will cost to establish the Scottish National Investment Bank, and what its annual operating costs will be.
Answer
The Implementation Plan estimates that given the scale of ambition for the Bank, and the associated scope of activity, the potential running costs for the Bank when fully established will be between £20m-£30m per annum. This is, however, subject to the full development of the operating model in the next stage of the project.
- Asked by: Dean Lockhart, MSP for Mid Scotland and Fife, Scottish Conservative and Unionist Party
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Date lodged: Tuesday, 20 March 2018
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Current Status:
Answered by Keith Brown on 29 March 2018
To ask the Scottish Government whether the funding that it will allocate to the Scottish National Investment Bank will be in addition to the commitment in its Budget to allocate £500 million to the Scottish Growth Scheme.
Answer
Yes, the £340 million that the Scottish Government has set aside for initial capitalisation of the bank and the additional £150 million for the Building Scotland Fund – a precursor to the Bank, is new money made available from Financial Transactions.
- Asked by: Dean Lockhart, MSP for Mid Scotland and Fife, Scottish Conservative and Unionist Party
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Date lodged: Tuesday, 20 March 2018
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Current Status:
Answered by Keith Brown on 29 March 2018
To ask the Scottish Government, further to the publication of the Scottish National Investment Bank Implementation Plan, whether the Scottish Growth Scheme will continue to be operated by Scottish Enterprise, or whether it will be operated by the Scottish National Investment Bank.
Answer
The Scottish Growth Scheme is currently delivered by Scottish Government although some elements can be led by Scottish Enterprise e.g. equity investment.
The Scottish National Investment Bank Implementation Plan recommends that to build on the success and skills within current operations the financing activities carried out by the Scottish Government and its agencies come under the Bank’s remit. Ministers will give consideration to the Implementation Plan recommendations over the coming weeks.
- Asked by: Dean Lockhart, MSP for Mid Scotland and Fife, Scottish Conservative and Unionist Party
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Date lodged: Tuesday, 20 March 2018
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Current Status:
Answered by Keith Brown on 29 March 2018
To ask the Scottish Government whether the financial and advisory support that will be offered by the Scottish National Investment Bank will be in addition to that provided by Scottish Enterprise, Highland and Islands Enterprise and the Business Gateway.
Answer
The Implementation Plan recommends that the Bank should work collaboratively with Scottish Enterprise and Highlands and Islands Enterprise as well as the new South of Scotland Enterprise Partnership and key partners supporting Scotland’s company base delivering advisory support for example financial readiness.
The Implementation Plan recommends that the financing activities carried out by Scottish Government and its agencies come under the Bank’s remit to build on the success and skills within current operations. Detailed consideration will be given to this by Ministers at the next stages of planning.
- Asked by: Dean Lockhart, MSP for Mid Scotland and Fife, Scottish Conservative and Unionist Party
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Date lodged: Tuesday, 20 March 2018
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Current Status:
Answered by Keith Brown on 29 March 2018
To ask the Scottish Government how much will be allocated each year by the Building Scotland Fund, broken down by portfolio area.
Answer
The £150 million Building Scotland Fund is a pre-cursor to the Bank with £70m made available in 2018-19. Further details about it will be made available in due course.
- Asked by: Dean Lockhart, MSP for Mid Scotland and Fife, Scottish Conservative and Unionist Party
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Date lodged: Tuesday, 20 March 2018
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Current Status:
Answered by Keith Brown on 29 March 2018
To ask the Scottish Government when it will introduce the legislation to establish the Scottish National Investment Bank.
Answer
Primary legislation is required to enable the Scottish Government to formally establish and capitalise the Bank. The Implementation Plan recommends commencing this process during 2018. Ministers will consider this in the next stage of planning.
- Asked by: Dean Lockhart, MSP for Mid Scotland and Fife, Scottish Conservative and Unionist Party
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Date lodged: Tuesday, 20 March 2018
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Current Status:
Answered by Keith Brown on 29 March 2018
To ask the Scottish Government what proportion of the (a) Building Scotland Fund and (b) Scottish National Investment Bank will be funded each year via financial transactions.
Answer
The Scottish Government is making use of available Financial Transactions for the initial capitalisation of the Bank and for the Building Scotland Fund. As set out in the Draft Budget 2018-19 financial transactions will be used to support the Building Scotland Fund over the period 2018-19 to 2020-21, with £70m allocated in 2018-19. A further £340m will be made available to capitalise the Bank over the period 2019-2021. Ministers will give further consideration to the Implementation Plan recommendations for capitalisation of the bank in the next stage of planning.
- Asked by: Dean Lockhart, MSP for Mid Scotland and Fife, Scottish Conservative and Unionist Party
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Date lodged: Tuesday, 20 March 2018
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Current Status:
Answered by Keith Brown on 29 March 2018
To ask the Scottish Government, further to the publication of the Scottish National Investment Bank Implementation Plan, whether the Scottish Investment Bank will continue to be operated by Scottish Enterprise, or whether it will be operated by the Scottish National Investment Bank.
Answer
The Plan recommends that the financing activities undertaken by and on behalf of the Scottish Government, such as Scottish Enterprise’s Scottish Investment Bank sit within the Bank. Ministers will consider the Plan and its recommendations over the coming weeks.