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.

Scottish National Investment Bank plc.
state-owned development bank
statutory corporation
Industryfinancial services
FounderScottish Parliament
Headquarters
Scotland
OwnerScottish 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]

References
  1. "Scottish national investment bank plans unveiled". The Herald. 20 October 2017. Retrieved 11 September 2019.
  2. Brooks, Libby (28 February 2019). "Scottish government to launch national investment bank". The Guardian. Retrieved 11 September 2019.
  3. "Scottish national investment bank legislation published". BBC News. 28 February 2019. Retrieved 11 September 2019.
  4. 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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