Net zero: Investor Panel
Overview
The Investor Panel has been set up to:
- explore how we can attract investment to Scotland that supports our transition to net zero
- bring investor intelligence to policy and regulatory development early in the process
The group was set up following a commitment in our National Strategy for Economic Transformation.
Chaired by the First Minister, the panel will provide advice and intelligence on:
- how Scotland can attract global capital investment and the infrastructure required to transition to net zero
- current and future market opportunities to help improve Scotland’s performance in attracting mobile capital investment
- investing in Scottish, UK and international markets to support policy and regulatory development and help create the right landscape and conditions to attract capital investment
The Panel will provide a set of conclusions, recommendations and advice by late summer 2023.
The Panel met for the first time in December 2022 and agreed terms of reference.
Terms of reference
- the primary focus of the Panel will be to provide advice on how Scotland can attract global capital investment in the infrastructure required to transition to net zero
- the panel may also wish to consider whether there is scope to consider how Scotland can attract capital investment to enable businesses to start, scale and grow
- the panel will provide advice on current and future market opportunities to help improve Scotland’s performance in attracting mobile capital investment
- advice will be based on market intelligence, individual and collective knowledge and expertise and engagement with key stakeholders and experts where appropriate
- the panel will consider existing approaches and their quality, credibility and likely effectiveness in stimulating additional investment
- the panel will provide market intelligence and experience of investing in Scottish, UK and international markets to support policy and regulatory development and help create the right landscape and conditions to attract capital investment
- the panel may consider improvements to process barriers such as procurement, planning and consenting
- advise on how to promote Scotland and its investment opportunities publicly across the Scottish, UK and international markets and investment communities
- the panel will also consider the effectiveness of the existing landscape supporting infrastructure investment and innovation
- to negate potential conflicts of interest members will not represent individual or organisational interests and the Panel will not assess the merit of individual projects and will have no decision making powers
Members
Panel members
- First Minister, Co-chair
- Angus Macpherson, Noble & Co, Co-chair
- Andrew Telfer, Baillie Gifford
- Alexandra Basirov, Bank of America
- Michael McGhee /John Watson, Global Infrastructure Partners
- Shane Corstorphine, former Finance Chief Skyscanner, Non-Executive Director Sykes Holiday
- Gavin Templeton, Pollination Group
- Baroness Margaret Ford, Chair of Deloitte UK Audit Governance Board
- Judith Cruikshank, RBS
Advisors to the panel
- Peter Reekie, Scottish Futures Trust
- Willie Watt, Scottish National Investment Bank
The Minister for Business, Trade, Tourism and Enterprise will also attend Panel meetings when possible
Documents
- Investor Panel: Mobilising international capital to finance the transition to Net Zero
- Investor Panel recommendations: Scottish Government response
- Investor Panel minutes: October 2023
- Net Zero - Investor Panel minutes: June 2023
- Net zero : Investor Panel minutes - March 2023
- Net zero: Investor Panel minutes - December 2022
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