The government of Scotland has opened a public consultation on plans for a National Investment Bank, which will be introduced in early 2019 and is expected to help fund low-carbon initiatives among others.
Finance and Economy Secretary Derek Mackay said the consultation aims to shape the objectives, purpose, priorities and governance of the bank, as well as its relationship with ministers and stakeholders.
The bank will focus on financing long-term capital for key economic investments, complementing existing private and public contributions.
Mackay said: “As part of developing the bank and establishing its guiding principles, I want to listen to the views of people and businesses across Scotland to ensure the bank’s objectives and priorities for investment are ambitious for the future and create an institution with the right values, vision and purpose to transform our economy.
“Alongside an ambitious package of measures, the bank will become a cornerstone in Scotland’s economic architecture supporting businesses across all stages of the business growth lifecycle, through to financing infrastructure to secure private sector investment.
“These steps will ensure we are delivering for the economy of today and ready to seize the opportunities of the future.”
Image: Holyrood (Scottish Government)
Holyrood issues bank draft
By EBS