Scottish National Investment Bank Bill – Call for Views
We would like to hear your views on the Scottish National Investment Bank Bill.
This Scottish Government Bill was introduced in the Parliament on 27 February 2019 by the Cabinet Secretary for Finance, Economy and Fair Work, Derek Mackay MSP.
The Bill and accompanying documents can be found here. The Bill places a duty on Scottish Ministers to create the Scottish National Investment Bank (SNIB) – the role of SNIB being to make long-term investments in Scottish businesses, with the aim of boosting the economy. Part 1 of the Bill focuses on the establishment of the Bank, part 2 with operational matters, and part 3 with ancillary provisions.
The Committee issued this call for views on 8 March 2019.
We are keen to hear responses to the following and you don’t have to respond to all questions:
1. What are the advantages or otherwise in establishing the Bank as a public limited company?
2. What in your view are the fundamental characteristics of a national investment bank?
3. Is the level of capitalisation proposed sufficient for the Bank to deliver its desired impact? Please expand.
4. What is your view on the proposed costs in the set up and day-to-day running of the Bank?
5. What governance arrangements ought to be in place?
6. How can we ensure the market is ready for the investment opportunities the Bank can offer?
7. What ethical and equalities considerations do you think should inform the Bank’s ethos and decision making?
8. It is proposed that the Scottish Government will set the strategic direction of the Bank but the body itself decide on its investment approach. What is your view on this “mission-led” approach?
9. Is there any other aspect of the Bill you wish to address? Please elaborate.
How to submit your views
The call for written views will close on FRIDAY 3 MAY.
Before making a submission, please read our privacy notice about submitting your views to a Committee Privacy Notice. This tells you about how we process your personal data.
Please use the template provided to format your submission. This includes the Data Protection Form. Please complete this form and send it in with your submission.
We welcome written views in English, Gaelic, Scots or any other language. Due to the time required to process and analyse evidence, late submissions will only be accepted with the agreement of the Committee.
Written responses should be sent electronically, in the template format to the following address: [email protected] Ideally they should be no more than four sides of A4.
If you cannot submit electronically you may send in a hard copy written submission. If you are sending in a hard copy submission please print off and include a copy of the Data Protection Form. Please send them to:
Economy, Energy and Fair Work Committee