Angela Constance, MSP for Almond Valley has said that Scottish Government Budget plans to ensure a strong start for the Scottish National Investment Bank, and its mission to drive the transition to a net zero economy, will encourage economic growth in West Lothian and across Scotland.
The 2020/21 Scottish Government Budget provides £220 million of fresh seed funding to help Scotland meets its ambitious climate change targets, by financing companies and projects which are working towards the achievement of net-zero emissions.
The Scottish National Investment Bank is on track to become fully operational during 2020 following parliamentary approval in January 2020.
Commenting, Ms Constance said:
“Small businesses are the backbone of our community and the Scottish National Investment Bank has the potential to transform local economies as well as help us reach our world-leading climate targets. The bank will increase investment in local businesses and community projects that are looking to play their part in tackling the climate crisis and reach net-zero emissions.
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