Ross Brown, professor in entrepreneurship and small business finance at the University of St Andrews' School of Management has called for a full review of the Scottish National Investment Bank's (SNIB) operations.
In a new paper, released today by non-partisan think tank Reform Scotland, he lauds the concept of SNIB, but finds that more than a year after launch, its strategy, operation and impact have only had "a very modest impact".
Among the report's findings, Brown argues that the Scottish Government’s broad mission for SNIB has unintentionally prevented the company-specific investments it needed to make.
