- Asked by: Willie Rennie, MSP for North East Fife, Scottish Liberal Democrats
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Date lodged: Monday, 19 June 2017
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Current Status:
Answered by Derek Mackay on 29 June 2017
To ask the Scottish Government, further to the answer to question S5W-02378 by Keith Brown on 28 September 2016, what it estimates will be the proportion of the Scottish Growth Fund that will be in the form of (a) guarantees and (b) loans.
Answer
The Scottish Growth Scheme will unlock investment through a combination of equity, loans and guarantees. The first tranche of investment under the scheme, The Scottish-European Growth Co-Investment Programme announced on 16 June, will provide an estimated £200m in equity investment. It is not possible at this stage to estimate what proportion of the remaining elements of the scheme will be in the form of guarantees or loans.
- Asked by: Willie Rennie, MSP for North East Fife, Scottish Liberal Democrats
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Date lodged: Monday, 19 June 2017
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Current Status:
Answered by Derek Mackay on 29 June 2017
To ask the Scottish Government, further to the answer to question S5W-02378 by Keith Brown on 28 September 2016, what stage has been reached in the preparation of guarantees to companies under the Scottish Growth Scheme.
Answer
Work continues on the delivery of different aspects and financial approaches under the Scottish Growth Scheme, including guarantees to lenders.
- Asked by: Willie Rennie, MSP for North East Fife, Scottish Liberal Democrats
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Date lodged: Monday, 19 June 2017
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Current Status:
Answered by Derek Mackay on 29 June 2017
To ask the Scottish Government, further to the answer to question S5W-02378 by Keith Brown on 28 September 2016, whether any of the resources provided under the Scottish European Growth Co-Investment Programme announced on 16 June 2017 are in the form of guarantees or loans to eligible companies.
Answer
The first tranche of investment support under the Scottish Growth Scheme: the Scottish European-Growth Co-Investment Programme announced on 16 June 2017 comprises £200m equity investment only.
- Asked by: Willie Rennie, MSP for North East Fife, Scottish Liberal Democrats
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Date lodged: Monday, 19 June 2017
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Current Status:
Answered by Derek Mackay on 29 June 2017
To ask the Scottish Government, further to the answer to question S5W-02378 by Keith Brown on 28 September 2016, whether the Scottish European Growth Co-Investment Programme announced on 16 June 2017 includes a cap on the potential losses of the financial intermediary.
Answer
The European Investment Fund (EIF) will manage the process between Scottish companies and the individual Venture Capital Funds who wish to participate in the programme. All aspects of the investment appraisal, deal execution and portfolio management will be undertaken by the EIF.
- Asked by: Willie Rennie, MSP for North East Fife, Scottish Liberal Democrats
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Date lodged: Monday, 19 June 2017
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Current Status:
Answered by Derek Mackay on 29 June 2017
To ask the Scottish Government, further to the answer to question S5W-03775 by Keith Brown on 1 November 2016, whether it expects any financing to be made available to Scottish companies under the Scottish European Growth Co-Investment Programme before 6 September 2017.
Answer
Companies can begin to seek investment through the Scottish-European Growth Co-Investment Programme under the Scottish Growth Scheme from 16 June – due diligence will take some time but money is expected to reach companies in late summer.
- Asked by: Willie Rennie, MSP for North East Fife, Scottish Liberal Democrats
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Date lodged: Monday, 19 June 2017
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Current Status:
Answered by Derek Mackay on 29 June 2017
To ask the Scottish Government, further to the answer to question S5W-02378 by Keith Brown on 28 September 2016, what proportion of the £50 million that is being made available by Scottish Enterprise under the Scottish European Growth Co-Investment Programme announced on 16 June 2017 is from the financial transactions budget.
Answer
All of the £50m will be from the financial transactions budget.
- Asked by: Willie Rennie, MSP for North East Fife, Scottish Liberal Democrats
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Date lodged: Monday, 26 June 2017
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Current Status:
Taken in the Chamber on 29 June 2017
To ask the First Minister what issues will be discussed at the next meeting of the Cabinet.
Answer
Taken in the Chamber on 29 June 2017
- Asked by: Willie Rennie, MSP for North East Fife, Scottish Liberal Democrats
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Date lodged: Monday, 19 June 2017
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Current Status:
Taken in the Chamber on 22 June 2017
To ask the First Minister what issues will be discussed at the next meeting of the Cabinet.
Answer
Taken in the Chamber on 22 June 2017
- Asked by: Willie Rennie, MSP for North East Fife, Scottish Liberal Democrats
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Date lodged: Monday, 05 June 2017
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Current Status:
Taken in the Chamber on 7 June 2017
To ask the First Minister what issues will be discussed at the next meeting of the Cabinet.
Answer
Taken in the Chamber on 7 June 2017
- Asked by: Willie Rennie, MSP for North East Fife, Scottish Liberal Democrats
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Date lodged: Tuesday, 30 May 2017
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Current Status:
Taken in the Chamber on 1 June 2017
To ask the First Minister what issues will be discussed at the next meeting of the Cabinet.
Answer
Taken in the Chamber on 1 June 2017