Scottish National Investment Bank Opens for Business

SNP MSP Ruth Maguire, has said the new Scottish National Investment Bank will help encourage economic growth across North Ayrshire, after the bank officially opened for business this week.

The SNP Government has committed at least £2 billion of investment to support the UK’s first mission-led development bank over the next ten years.

The bank will now begin investing in local businesses and communities, and will play an important role in helping Scotland meet its ambitious climate change targets – forming part of the SNP’s Green New Deal and helping create high quality jobs in the process.

Commenting, the MSP for Cunninghame South said: “The Scottish National Investment Bank will help us tackle some of the biggest challenges we now face, as we transform, grow and decarbonise Scotland’s economy.

“Small businesses are the backbone of our local economy, that’s why the bank will invest in firms and community projects that are looking to play their part in tackling the global climate emergency.

“Individuals, and small local businesses, across the country will benefit from this historic move and help us reach our world-leading climate change targets. I look forward to seeing the bank’s impact in North Ayrshire.”

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