Celebrating the First Anniversary of the Scottish National Investment Bank (Amendment 2)
S6M-02127.2: As an amendment to motion S6M-02127 in the name of Kate Forbes (Celebrating the First Anniversary of the Scottish National Investment Bank), leave out from second “notes” to end and insert “considers that the inadequate progress made by the bank in creating green jobs for the future has hindered Scotland’s wider economic recovery from the impact of the pandemic and the transition to net zero; believes that the bank will be unable to make the socio-economic impact it was intended to achieve due to insufficient funding; further believes that other enterprise agencies have also faced real-term cuts at a time that they should be focussing on Scotland’s economic recovery, and calls on the Scottish Government to repurpose Scottish Enterprise as a business recovery agency to work in partnership with other regional enterprise agencies in order to grow Scotland’s economy.”

Original motion(S6M-02127):
That the Parliament notes the impact that the Scottish National Investment Bank, the first mission-based investment bank in the UK, has made in its first year since launch in November 2020; supports the progress made by the bank through a wide range of investments in its first year; recognises the important role that the bank has in delivering a just transition to a net-zero economy; notes the need for innovative finance to achieve Scotland's goals on climate targets, housing and demographic challenges, and notes that the bank will continue to strengthen its role through investing in Scottish business, projects and communities and delivering positive environmental and social impacts, and positive financial returns for the people of Scotland, for many years to come.