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Economy Economy

Invest £1bn in the Scottish National Investment Bank

Last updated 3 years ago

We will invest £1 billion in the Scottish National Investment Bank over the next parliament as part of our £2 billion ten year capitalisation plan…

SNP Manifesto 2021, p.88

Our verdict

Status

This promise is in progress. The Scottish National Investment bank was first launched before the election, in November 2020, when the Scottish Government committed to spend £2bn over ten years. The Scottish Government affirmed its support for this pledge and the target of £1bn over the course of the current Parliament in November 2021 while announcing an investment in an onshore wind project.

“Investing in Scotland’s future” (Scottish Government, 23rd November 2021)

“Progress for Scotland’s National Investment Bank” (Scottish Government, 16th November 2021)