Question reference: S6W-16151
- Date lodged: 24 March 2023
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Current status: Answered by Neil Gray on 14 April 2023
Question
To ask the Scottish Government what the total running costs of the Scottish National Investment Bank have been in each year since it was established.
Answer
The following table (taken from the Scottish National Investment Bank’s annual reports) shows the Bank’s operating costs and income for 2020-21 and 2021-22. The Scottish Government provides budget to cover all operating costs which are not covered by the Bank’s income.
Operating Costs £000s | Investment Income £000s | Net Costs £000s | |
2020-21 (November to March) | 2,875 | -423 | 2,452 |
2021-22 | 9,677 | -1,905 | 7,772 |
2022-23: The Bank’s final outturn is still being finalised and it is too early to provide a provisional figure to Parliament. The Bank will lay its audited Annual Accounts in Parliament before the end of September.