Chamber and committees

I refer the member to the answer to question S6W-15654 on 14 March 2023. All answers to written Parliamentary Questions are available on the Parliament's website, the search facility for which can be found at https://www.parliament.scot/chamber-and-committees/written-questions-and-answers

I refer the member to the answer to question S6W-15654 on 14 March 2023. All answers to written Parliamentary Questions are available on the Parliament's website, the search facility for which can be found at https://www.parliament.scot/chamber-and-committees/written-questions-and-answers

I refer the member to the answer to question S6W-15654 on14 March 2023. All answers to written Parliamentary Questions are available on the Parliament's website, the search facility for which can be found at https://www.parliament.scot/chamber-and-committees/written-questions-and-answers

I refer the member to the answer to question S6W-15654 on 14 March 2023. All answers to written Parliamentary Questions are available on the Parliament's website, the search facility for which can be found at https://www.parliament.scot/chamber-and-committees/written-questions-and-answers

Community bodies receive support to request an asset transfer under Part 5 of the Community Empowerment (Scotland) Act 2015 from a range of sources. The Scottish Government provides support for community bodies by funding the Community Ownership Support Service (COSS), who support community based groups in Scotland take a stake in or ownership of previously publicly owned land or buildings.

Since 2017 COSS have worked with 688 community bodies considering their options for taking on land or buildings including by asset transfer. COSS has supported 92 asset transfers and have a further 380 ongoing cases. They also provide advice to relevant authorities on all aspects of the asset transfer process and their adviser led service is free to access.

From the most recent annual data available since the Act came into force on 23 January 2017 to 31 March 2022, community bodies have made 352 asset transfer applications.

It is the responsibility of NHS Scotland to track mental health expenditure and ensure local budget decisions and use of the overall resources made available by the Scottish Government are used efficiently; effectively and deliver fit for purpose services in line with national and local priorities and the requirements of the Scottish Public Finance Manual.

Mental Health Directorate engages regularly with NHS Boards to discuss performance on key priorities.

To respond to the emergency situation caused by the impact of the cost crisis on those living in the rented sector, the Cost of Living (Tenant Protection) (Scotland) Act 2022 introduced a temporary, variable rent cap, initially set at 0% and in place until 31 March 2023.

Our recently published first report to Parliament on the emergency Cost of Living Act, and Statement of Reasons , provided updated economic evidence demonstrating the continued pressure being placed on private rented households due to the ongoing cost crisis. In light of this, the Scottish Government have brought forward regulations to extend the rent cap for the private rented sector for a further six months, along with the moratorium on enforcing evictions – which will continue to apply across all sectors.

While the focus of the emergency measures continues to be on protecting tenants, the Scottish Government recognises that the ongoing impacts of the cost crisis may also be being experienced by some private landlords. Mortgage interest rates, which had been on an upward trend since the end of 2021, experienced a further sharp increase after the UK Government Growth Plan / Mini-budget on 23 September 2022. The average advertised five-year fixed rate rose from 4.75% on 23 September to 6.51% on 20 October, before falling to 5.95% on 22 November.

The Scottish Government is of the view that it would therefore be proportionate to raise the rent cap in the private rented sector to allow within-tenancy rent increases of up to 3% from 1 April.

The voluntary approach to rent setting taken by landlords in the social sector is intended to equate to an approximate average rental increase of less than £5 a week (or less than £22 per month) across the country. As rents in the private rented sector are generally significantly higher than those in the social rented sector, allowing a maximum rent increase of 3% for rents in the private rented sector equates to a similar average rent increase for tenants in two-bedroom properties (the most common property size in the private rented sector). There will be variation around these averages, with higher increases for three-bedroom and four-bedroom properties and lower increases for one-bedroom properties. The Scottish Government considers that this will give a measure of parity to landlords in the private and social sectors in monetary terms, while continuing to protect tenants from unaffordable rent increases during the cost crisis.

While there may be some households where even the modest rent increase allowed under the 3% cap causes an increase in financial hardship, we consider that the amended rent cap will ensure that rent increases are proportionate and therefore continue to protect households against high rent increases while the cost crisis is ongoing. The increase to the rent cap will mitigate against a disproportionate impact on private landlords who may also be experiencing increased costs due to the cost crisis, allowing them to maintain their properties and meet other expenses. We are also proposing that private landlords could, alternatively, opt to apply to Rent Service Scotland for a rent increase of up to 6% if they have had an increase in their defined, prescribed property costs within a specific period.

I refer the member to the answer to question S6W-15654 on14 March 2023. All answers to written Parliamentary Questions are available on the Parliament's website, the search facility for which can be found at https://www.parliament.scot/chamber-and-committees/written-questions-and-answers

I refer the member to the answer to question S6W-15654 on14 March 2023. All answers to written Parliamentary Questions are available on the Parliament's website, the search facility for which can be found at https://www.parliament.scot/chamber-and-committees/written-questions-and-answers

Scotland is a leading financial centre, second only to London in the UK. The industry sustains more than 145,000 jobs (80,000 in financial services and 65,000 in related professional services), and the sector is the biggest contributor to Scotland's economy, representing approx. £14bn or 9.6% of GVA to the UK Economy.

The Scottish Government does not hold fintech sector specific information on how many jobs have been created in each of the last 5 years. However as at December 2022 there were 211 fintech SME enterprises in Scotland compared to just 26 in 2018.

FinTech Scotland achieved the Silver level of Cluster Excellence accreditation from the European Secretariat for Cluster Analysis awarded due to the demonstrated growth and development of the cluster.