All the updated news related to scottish national investment bank

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I can’t promise to insulate Scotland from ‘fiscal recklessness’, says Swinney

The minister in charge of Scotland’s finances has said he cannot promise he can insulate the country from the “fiscal recklessness” of the UK Government. Deputy First Minister John Swinney – who has taken control of the finance brief while Finance ...

04 Oct 2022 at 13:54

Scotland

New Scottish ‘Treasury’ department needed to improve growth, says economist

Scotland needs a new Government department similar to the Treasury along with a more powerful investment bank, an economist has recommended. In a paper for Gordon Brown’s Our Scottish Future think tank, John McLaren said a long-term plan was ...

22 Sept 2022 at 01:01

Scotland

No payout for former bank chief executive, MSPs told

The former chief executive of the Scottish National Investment Bank did not receive a payout after she quit, officials have said. Eilidh Mactaggart alerted the bank’s chairman Willie Watt she would be resigning on January 27, with the ...

16 Mar 2022 at 13:25

UK Government should become involved in Scottish investment bank, says Brown

The UK Government should become a partner in the Scottish National Investment Bank, former prime minister Gordon Brown has said. The bank was set up by the Scottish Government to invest in companies that improve Scotland, create ...

16 Mar 2022 at 19:25

Scotland

Sturgeon rejects accusation of ‘suspicious timing’ over bank boss resignation

First Minister Nicola Sturgeon has rejected a claim that the head of the Scottish National Investment Bank (SNIB) resigned in relation to a new economic strategy. Chief executive Eilidh Mactaggart announced she was stepping ...

03 Mar 2022 at 14:55

Scotland

Business support programme aims to transform Scotland’s economy

A new programme aimed at supporting businesses with a high growth potential has been launched. ScaleupScotland2.0, which has been developed by the Scottish National Investment Bank (SNIB) and the Hunter Foundation, is ...

25 Aug 2022 at 01:01

Scotland

£9m investment bank loan to deposit return firm could be lost, chairman admits

The chairman of Scotland’s state-owned investment bank has conceded the full £9 million loan given to Circularity Scotland could be lost as the firm enters administration. The Scottish National Investment Bank (SNIB) ...

21 Jun 2023 at 13:44

Scotland

Candidate to head investment bank turned down role, Swinney tells MSPs

A candidate tipped to take over as head of Scotland’s publicly funded investment bank turned down the role when it was offered, Deputy First Minister John Swinney said. Former chief executive Eilidh Mactaggart quit ...

18 Jan 2023 at 13:06

Yousaf announces £25m boost for just transition to green energy

First Minister Humza Yousaf has announced £25 million in funding for the Scottish National Investment Bank (SNIB) to be invested in the transition away from oil and gas. On his first visit to Aberdeen – the ...

04 Apr 2023 at 14:15

Scotland

Scottish Labour unveils mortgage rescue package amid cost-of-living crisis

Scottish Labour has unveiled a “mortgage rescue package” to help those at risk of losing their homes amid the cost of living crisis. It is calling for a relaunch and revamp of the Scottish Mortgage to ...

15 Nov 2022 at 19:28

Scotland

Scotland’s state-owned bank posts £14.6m loss

The Scottish National Investment lost £14.6 million in the last financial year, including £8 million following the collapse of the company set up to administer Scotland’s failed deposit return scheme,...

21 Aug 2024 at 13:01

Scotland

£10m invested to roll out ultrafast broadband to more of the Highlands

More than 100,000 homes and businesses in the Highlands will benefit from ultrafast broadband thanks to a further £10 million investment in the network. The publicly-owned Scottish National ...

15 Aug 2024 at 09:40

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bank of england
finance and public administration committee
john swinney
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scottish national investment bank

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