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Seòmar agus comataidhean

Question reference: S6W-22393

  • Date lodged: 24 October 2023
  • Current status: Answered by Neil Gray on 25 October 2023

Question

To ask the Scottish Government when the First Minister’s Investor Panel will report, and whether it has made any comments or recommendations regarding the Scottish Government’s proposal to issue a bond.


Answer

We expect the Panel to report its full findings and recommendations by the end of November. The Panel provided its first stage work to the Scottish Government in September. This covers a wide range of findings and recommendations relating to how Scotland can attract mobile capital to support the just transition to net zero. It includes a recommendation that: “Although it will involve additional costs, Scotland’s profile could be significantly raised in the international capital markets by using existing devolved powers to issue debt. This will provide a motivation for regular engagement by investors and an opportunity to market Scotland’s investment story. It would also allow the development of relationships with providers of debt, a track record and credit rating.”