Scottish National Investment Bank: implementation plan

This implementation plan provides recommendations on the establishment of a Scottish 'National Investment Bank'.

Appendix F References

Scottish Government (2017), A Nation with Ambition: The Government’s Programme for Scotland 2017-18 (

Mazzucato, M. and Penna, C. (2016), "Beyond market failures: the market creating and shaping roles of state investment banks", Journal of Economic Policy Reform, Volume 19 (issue 4): 305-326, (

Mazzucato, M. and Macfarlane, L, (2017), "Patient strategic finance: opportunities for investment-led growth in the UK". UCL Institute for Innovation and Public Purpose, Working Paper Series ( IIPP 2017-05)

Scottish Government (2015),Scotland’s Economic Strategy ( /policies/economic-growth)

Macfarlane, L. and Mazzucato, M. (2018), "State investment banks and patient finance: An international comparison", UCL Institute for Innovation and Public Purpose Working Paper, IIPP- WP 2018-01.

Mazzucato, M. and Macfarlane, L. (2018), State Investment Banks: Selected International Case Studies which has been published by Scottish Government alongside this Implementation Plan.

Scottish Fiscal Commission (2017), Scotland's Economic and Fiscal Forecasts December 2017, ( http://www.fiscalcommissionscot/publications/scotlands-economic-and-fiscal-forecasts/scotlands-economic-and-fiscal-forecasts-december-2017/)

Office for Budget Responsibility (2017), Economic and fiscal outlook – November 2017, (

Scottish Government (2018), Scotland's place in Europe: people, jobs and investment, ( /publications/scotlands-place-europe-people-jobs-investment/)

Scottish Government (2017), Council of Economic Advisers: building our industrial strategy, ( /publications/uk-government-green-paper-building-our-industrial-strategy/)

Rowlands, C. (2009), The Provision of Growth Capital to UK Small and Medium Sized Enterprises (

Buffini, D. (2017), Patient Capital Review: Industry Panel Response, UK Government: London, UK (

Scottish Government(2015), The Market for SME Finance in Scotland, (

British Business Bank (2015), Equity Research Report: Review of Equity Investment in Small Businesses, (

McKinsey (2010), Women Matter, (

The Federation of Small Businesses (2016), Woman in Enterprise: The Untapped Potential, (


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