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Publication - Publication

Scottish National Investment Bank: implementation plan

Published: 28 Feb 2018
Directorate:
Chief Economist Directorate
Part of:
Economy, Money and tax
ISBN:
9781788516600

This implementation plan provides recommendations on the establishment of a Scottish 'National Investment Bank'.

Contents
Scottish National Investment Bank: implementation plan
Footnotes

Footnotes

1 Scottish Government (2017), “A Nation with Ambition: The Government’s Programme for Scotland 2017-18 ( http://www.gov.scot/programme2017)

2 Mazzucato, M. and Penna, C. (2016), “Beyond market failures: the market creating and shaping roles of state investment banks”, Journal of Economic Policy Reform, Volume 19 (issue 4): 305-326, ( www.sussex.ac.uk/spru/documents/2014-21-swps-mazzucato-and-penna.pdf)

3 Mazzucato, M. and Macfarlane, L, (2017), “Patient strategic finance: opportunities for investment-led growth in the UK”. UCL Institute for Innovation and Public Purpose, Working Paper Series (IIPP 2017-05) www.ucl.ac.uk/bartlett/public-purpose/wp2017-05

4 Scottish Government (2017), A Nation with Ambition: The Government’s Programme for Scotland 2017-18 ( http://www.gov.scot/programme2017)

5 Scottish Government (2015), Scotland’s Economic Strategy ( https://beta.gov.scot/policies/economic-growth)

6 Macfarlane, L. and Mazzucato, M. (2018), “State investment banks and patient finance: An international comparison”, UCL Institute for Innovation and Public Purpose Working Paper, IIPP-WP 2018-01.

7 Mazzucato, M. and Macfarlane, L. (2018), State Investment Banks: Selected International Case Studies which has been published by the Scottish Government alongside this Implementation Plan.

8 Scottish Government (2015), Scotland’s Economic Strategy ( https://beta.gov.scot/policies/economic-growth)

9 Scottish Fiscal Commission (2017), Scotland's Economic and Fiscal Forecasts December 2017, ( http://www.fiscalcommission.scot/publications/scotlands-economic-and-fiscal-forecasts/scotlands-economic-and-fiscal-forecasts-december-2017/)

10 The SFC forecasts for Scotland are close to the 4th decile of the spread of OBR forecast variation. See Chart 1.4 of the Economic and Fiscal outlook; Office for Budget Responsibility (2017), Economic and fiscal outlook – November 2017, ( http://obr.uk/efo/economic-fiscal-outlook-november-2017/) http://obr.uk/efo/economic-fiscal-outlook-november-2017/

11 Scottish Government (2018), Scotland's place in Europe: people, jobs and investment, ( https://beta.gov.scot/publications/scotlands-place-europe-people-jobs-investment/)

12 Scottish Government (2017), Council of Economic Advisers: building our industrial strategy, ( https://beta.gov.scot/publications/uk-government-green-paper-building-our-industrial-strategy/)

13 Rowlands, C. (2009), The Provision of Growth Capital to UK Small and Medium Sized Enterprises ( http://lincscot.info/wp-content/uploads/2016/12/rowlands-growth-capital-review.pdf)

14 Buffini, D. (2017), Patient Capital Review: Industry Panel Response, UK Government: London, UK ( www.gov.uk/government/publications/patient-capital-review)

15 Scottish Government, 2015 The Market for SME Finance in Scotland, ( http://www.gov.scot/Publications/2015/08/3776)

16 British Business Bank (2015), Equity Research Report: Review of Equity Investment in Small Businesses, ( http://british-business-bank.co.uk/wp-content/uploads/2015/03/050315-Equity-report-FINAL.pdf)

17 Buffini, D. (2017), Patient Capital Review: Industry Panel Response, UK Government: London, UK ( www.gov.uk/government/publications/patient-capital-review)

18 Mazzucato, M. and Macfarlane, L, (2017), “Patient strategic finance: opportunities for investment-led growth in the UK”. UCL Institute for Innovation and Public Purpose, Working Paper Series (IIPP 2017-05) www.ucl.ac.uk/bartlett/public-purpose/wp2017-05

19 As at 31 March 2017, SFTi had invested £13.6m into 31 separate hub projects.

20 McKinsey (2010), Women Matter ( https://www.asx.com.au/documents/media/2010_mckinsey_co_women_matter.pdf)

21 The Federation of Small Businesses (2016), Woman in Enterprise: The Untapped Potential, ( https://www.fsb.org.uk/docs/default-source/fsb-org-uk/fsb-women-in-enterprise-the-untapped-potentialfebc2bbb4fa86562a286ff0000dc48fe.pdf?sfvrsn=0&sfvrsn=0)

22 Macfarlane, L. and Mazzucato, M. (2018), “State investment banks and patient finance: An international comparison”, UCL Institute for Innovation and Public Purpose Working Paper, IIPP-WP 2018-01

23 https://www.bvca.co.uk/Portals/0/Documents/Research/Industry%20Performance/2016-Performance-Measurement-Survey.pdf

24 https://british-business-bank.co.uk/wp-content/uploads/2015/03/Growth-loan-research-report-FINAL-VERSION.pdf


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