Recent Reports
Aithisgean ùra
Committee Reports
Aithisgean Chomataidh
Research Briefings
Brathan-ullachaidh Rannsachadh
Feedback
Ais-eòlas
Recent Reports
Aithisgean ùra
Committee Reports
Aithisgean Chomataidh
Research Briefings
Brathan-ullachaidh Rannsachadh
Feedback
Ais-eòlas
Published by The Scottish Parliamentary Corporate Body
Scottish National Investment Bank Bill
Author: Alison O'Connor
SHARE
PDF
Published: Friday 26 Apr 2019 (SB 19-25)
Expand
Overview
Report
Hide
Hide
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
Executive Summary
Introduction
Background and context
What does the bill do?
Financial implications
Appendix A: Key documents for the Scottish National Investment Bank
Appendix B: Wider economic theory
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
…
prev
next
prev
next
Scottish Government. (2017, March 31). Council of Economic Advisers minutes: January 2017. Retrieved from
https://www.gov.scot/publications/council-of-economic-advisers-minutes-january-2017/
[accessed 10 April 2019]
Scottish Government. (2017, September 05). A nation with ambition: the Government's Programme for Scotland 2017-2018. Retrieved from
https://www.gov.scot/publications/nation-ambition-governments-programme-scotland-2017-18/pages/2/
[accessed 02 April 2019]
Scottish Government. (2017, December 14). Scottish Budget: draft budget 2018-2019. Retrieved from
https://www.gov.scot/publications/scottish-budget-draft-budget-2018-19/
[accessed 08 April 2019]
Scottish Government. (2018, February 28). Scottish National Investment Bank: Implementation Plan. Retrieved from
https://www.gov.scot/binaries/content/documents/govscot/publications/publication/2018/02/scottish-national-investment-bank-implementation-plan/documents/00532119-pdf/00532119-pdf/govscot%3Adocument
[accessed 1 April 2019]
O'Toole, G. (2018, January 08). A renaissance for development banks. Retrieved from
https://www.globalgovernmentforum.com/renaissance-development-banks/
[accessed 08 April 2019]
Mazzucato, M., & Penna, C.C.R. (2014, October). Beyond Market Failures. The market creating and shaping roles of state investment banks. Retrieved from
https://www.sussex.ac.uk/webteam/gateway/file.php?name=2014-21-swps-mazzucato-and-penna.pdf&site=25
[accessed 05 April 2019]
Macfarlane, L., & Mazzucato, M. (2018, February). State investment banks and patient finance: An international comparison Working Paper Series (IIPP WP 2018-01). Retrieved from
https://www.ucl.ac.uk/bartlett/public-purpose/sites/public-purpose/files/iipp_wp_2018-01.pdf
[accessed 08 April 2019]
British Business Bank. (2018, September). British Business Bank backs Growth Ambitions of Scottish Smaller Businesses. Retrieved from
https://www.british-business-bank.co.uk/british-business-bank-backs-growth-ambitions-scottish-smaller-businesses/
[accessed 10 April 2019]
Development Bank of Wales. (n.d.) Annual Report 2017/18. Retrieved from
https://developmentbank.wales/sites/default/files/2018-08/DBW%20-%20Annual%20Report%202018%20-%20FINAL%20-%20Digital%20Opt.pdf
[accessed 14 April 2019]
Scottish Investment Bank. (n.d.) Annual Review 2017/18. Retrieved from
https://www.scottish-enterprise.com/media/2184/final-sib-annual-review-2017-pdf.pdf
[accessed 14 April 2019]
Scottish Government. (2018, February). Scottish National Investment Bank Supporting Analysis. Retrieved from
https://www.gov.scot/binaries/content/documents/govscot/publications/publication/2018/02/scottish-national-investment-bank-implementation-plan/documents/00532120-pdf/00532120-pdf/govscot%3Adocument
[accessed 4 April 2019]
Mazzucato, M., & Macfarlane, L. (2019, March 21). A mission-oriented framework for the Scottish National Investment Bank. Retrieved from
https://www.ucl.ac.uk/bartlett/public-purpose/sites/public-purpose/files/mission-oriented-framework-for-snib_final.pdf
[accessed 09 April 2019]
HM Treasury. (2018). The Green Book. Retrieved from
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/685903/The_Green_Book.pdf
[accessed 12 April 2019]
Scottish Government. (2018). National Performance Framework Outcomes. Retrieved from
https://nationalperformance.gov.scot/national-outcomes
[accessed 05 April 2019]
Scottish Government. (2015, March). Scotland's Economic Strategy. Retrieved from
https://www.gov.scot/binaries/content/documents/govscot/publications/publication/2015/03/scotlands-economic-strategy/documents/00472389-pdf/00472389-pdf/govscot%3Adocument
[accessed 08 April 2019]
Scottish Government. (2019, February 28). Scottish National Investment Bank Bill: equality impact assessment. Retrieved from
https://www.gov.scot/publications/scottish-national-investment-bank-bill-equality-impact-assessment/
[accessed 08 April 2019]
Scottish Government. (2018, October). Economic Action Plan. Retrieved from
https://economicactionplan.mygov.scot/
[accessed 2019 April 24]
Scottish Government. (2019, February 28). Scottish National Investment Bank Bill: business and regulatory impact assessment. Retrieved from
https://www.gov.scot/publications/scottish-national-investment-bank-bill-business-regulatory-impact-assessment/
[accessed 08 April 2019]
Scottish Parliament. (2019, February 27). Scottish National Investment Bank Bill Policy Memorandum. Retrieved from
https://www.parliament.scot/S5_Bills/Scottish%20National%20Investment%20Bank%20Bill/SPBill43PMS052019.pdf
[accessed 09 April 2019]
Scottish Government. (2019, February 27). Scottish National Investment Bank Bill Financial Memorandum. Retrieved from
https://www.parliament.scot/S5_Bills/Scottish%20National%20Investment%20Bank%20Bill/SPBill43FMS052019.pdf
[accessed 08 April 2019]
Scottish Government. (2018, September 5). Scottish National Investment Bank: consultation paper. Retrieved from
https://www.gov.scot/publications/scottish-national-investment-bank-consultation-paper-september-2018/
[accessed 8 April 2019]
Last Updated: 3/5 6:42pm
An error occured while loading, please try again in a few minutes.
Refresh
BACK TO TOP
