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Published by The Scottish Parliamentary Corporate Body
Scottish National Investment Bank Bill
Author: Alison O'Connor
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Published: Friday 26 Apr 2019 (SB 19-25)
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Overview
Report
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Overview
Report
Executive Summary
Introduction
Background and context
Journey to a national investment bank for Scotland
2017
2018
2019 and onwards
What is a national investment bank?
A renaissance in national investment banks
Characteristics of national investment banks
National investment banks close to home
Why do we need it?
Issues constraining economic performance
Rationale for public intervention
A Scottish solution
How the bank will work
What it will and won't do
Types of products
Making investment decisions
Ensuring additionality
Expectation of return
Looking beyond financial returns
Collaboration and integration
Stimulating demand
Policy landscape alignment and consolidation
Wider coordination
Potential areas at a later stage
What does the bill do?
Section details
Sections 1-10 establishment of the bank
Sections 11-20 operational matters
Missions
A framework approach
International example
SNIB's potential missions
Consultation
Engagement levels
Feedback
Equality impact assessment
Alternatives options
Classification
Financial implications
Capitalisation
Wider capitalisation context
Operational and set up costs
Scottish Government Bank Programme
Set up costs for the Bank
Scottish Government sponsor unit
Contribution to operating costs of the Bank
A self-funding bank
Wider engagement related to finance
HM Treasury derogation
Securing permission from European Commission to comply with State Aid rules
Appendix A: Key documents for the Scottish National Investment Bank
Appendix B: Wider economic theory
Characteristics of national investment banks
Rationale for public intervention
Framework approach to missions
Appendix C: Glossary
Sources
Image: Figure 1: Bank timeline
Image: Figure 2: Cost of Scottish Government Bank Programme 2018/19 to 2020/21, £ million, total £23 million
Image: Figure 3: One-off set up costs for the Scottish National Investment Bank 2020/21, £ million, total £5 million
Image: Figure 4: Operating costs, 2020/21 to 2027/28, £ million, total £187 million
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