Scottish National Investment Bank
The Scottish National Investment Bank is a public-owned institution which is intended to be operational by 2020. It will have a role delivering infrastructure development and strategic investments.
| state-owned development bank statutory corporation | |
| Industry | financial services |
| Founder | Scottish Parliament |
| Headquarters | Scotland |
| Owner | Scottish Government |
History
The bank was announced in September 2017 in the First Minister Nicola Sturgeon's 2017 Programme for Government. Benny Higgins was appointed as a strategic adviser, to oversee the organisation launching.[1]
In February 2018 an implementation plan was launched.[2] It will be set up as a public limited company.[3] The only shareholder will be the Scottish Government.[4]
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References
- "Scottish national investment bank plans unveiled". The Herald. 20 October 2017. Retrieved 11 September 2019.
- Brooks, Libby (28 February 2019). "Scottish government to launch national investment bank". The Guardian. Retrieved 11 September 2019.
- "Scottish national investment bank legislation published". BBC News. 28 February 2019. Retrieved 11 September 2019.
- Donnelly, Brian (28 November 2018). "Scottish National Investment Bank chief pledges pay caps and no bail-outs". The Herald. Retrieved 11 September 2019.
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