New bank will transform economy, insists Sturgeon


The first minister has said the proposed Scottish National Investment Bank can be “transformational” for the economy.

Nicola Sturgeon said the bank would support businesses of all sizes and could invest in infrastructure projects.

She was speaking to delegates at the Scottish Council for Development and Industry’s annual forum. The outline for the new bank was published at the end of February and the Scottish government is expected to report this month on a more detailed implementation plan.

“This will be genuinely transformational for the economy and society,” Ms Sturgeon said. “It can become a cornerstone of the low carbon and high productivity economy we all want to see.”

She pledged to continue investing in helping companies to innovate as well as to grow their international sales. She also reiterated the government’s commitment to opening a Scottish investment centre in Paris to promote international trade. That would follow on from outlets in London, Dublin and Berlin which have opened since the Brexit referendum.

Robert “Woody” Johnson, America’s ambassador to Britain, told the meeting there were more than 600 US companies operating in Scotland and collectively they employed almost 100,000 people. Mr Johnson, 71, is the great grandson of one of the founders of Johnson & Johnson, the pharmaceutical, consumer goods and medical devices group. He said that after Brexit, President Trump had “made it pretty clear we want a free trade deal and want to get it going pretty quickly”.

Source : The Times 

EDAS on Twitter

10 Fordyce Way

Tel: +44 (0)7801 354591

Mailing List Sign Up

Sign up to The Royal Dornoch Golf Hotel email mailing list to receive all the latset Short Breaks, Golf Packages, and Special Offers.

Sign up today!

Choose your Language

Best Rate Guarantee · Book Direct

All our rooms can be booked online DIRECT via our website & we will always offer a BEST RATE GUARANTEE if you book through our site.

Secure Online Booking via our booking engine.

Tripadvisor Awards Scottish Tourist Board 4 Star Hotel

Book your room

Book Restaurant

Restaurant Awards

The Royal Golf Hotel has won the Taste our Best Award for 2015/2016.

Tast our Best Award 2015/2016

Planning something special? Want to let us know about an allergy? Just let us know.

Your contact details

The hotel will confirm your booking within 24hrs but if you do not receive confirmation please call the Royal Golf Hotel on 01862 810283.