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The Scottish Government is also providing equity/loan finance support in areas other than housing. In 2022-23, £206 million (gross) in FTs will also be used to provide upfront capitalisation for the Scottish National Investment Bank.
We remain committed to the multi-year programme of projects announced in Year 1 and will keep focused on maximising the impact of our £50 million investment in the region to deliver benefits for businesses and communities. The Scottish National Investment Bank continues to invest the additional £25 million allocated in 2023-24 in the North East on a commercial basis, in line with the Bank’s Investment Strategy and its missions including to support a Just Transition to net zero.
See www.lobbying.scot St Andrew’s House, Regent Road, Edinburgh EH1 3DG www.gov.scot Investment Bank in 2023-24 (invested on a commercial basis).
My question is on the Scottish National Investment Bank. About a year ago, on 27 January 2022, Eilidh Mactaggart resigned as chief executive of the SNIB.
You can turn around and say, “You can’t use fireworks between date A and date B”, but there is no magic wand that will then remove every firework from every retailer in Scotland.