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Evening Standard
Evening Standard
Business
Craig Paton

‘Good start’ for investment bank but rule changes needed

The Scottish National Investment Bank (SNIB) has made a “good start”, Scotland’s public sector watchdog has said, but changes to UK Government rules are needed for it to become self-sufficient.

The bank was launched in 2020, with the Scottish Government pledging £2 billion over the next decade to allow it to back start-up businesses.

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