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Venture capital funds are available—they are prepared to take a higher risk to fund new enterprises, but they look for a much higher return through having a share in the equity and the uplift.
Subsections (1), (2) and (6) of new section 12A concern financing, borrowing and guarantees. The Executive cites flexibility as the principal justification for the delegated powers in that instance.
We must ensure that the system is sufficiently flexible so that when the Parliamentary Bureau has set a deadline for completion of stage 1, if a committee requests extra time to consider the bill further, that request is accepted.
I am not sure about the minister's view that this amendment will prevent flexibility, because, as Scott Barrie mentioned, the final part of the amendment includes an opt-out clause,"unless no such sheriff is available to do so."
The intention was that the new power should be as flexible as possible to meet further developments in fishery management, but that does not mean that it should stray into areas covered by other statutes.
The authorities were keen to have more stable funding for local biodiversity officers, although SNH has been improving its contribution to that for some years.