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Questions and answers

Parliamentary questions can be asked by any MSP to the Scottish Government or the Scottish Parliamentary Corporate Body. The questions provide a means for MSPs to get factual and statistical information.

Written questions must be answered within 10 working days (20 working days during recess)
Other questions such as Topical, Portfolio, General and First Minister's Question Times are taken in the Chamber

Urgent Questions aren't included in the Question and Answers search. There is a SPICe fact sheet listing Urgent and emergency questions.

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Question reference: S5W-03775

Asked by: Willie Rennie, MSP for North East Fife, Scottish Liberal Democrats
Date lodged: Friday, 14 October 2016
Current Status: Answered by Keith Brown on 1 November 2016

To ask the Scottish Government, further to the answer to question S5W-03366 by Keith Brown on 12 October 2016, for what reason the answer did not address the matter of applications for loans instead of guarantees that was referred to in the question, and whether it will now provide an answer.

It is anticipated that major lenders to the target cohort of companies could be a conduit for the Scottish Growth Scheme. In the interest of the potential applicant businesses, we will not pre-empt the solution, all lender options will be explored in the due diligence process.

We are also keen to ensure that we maximise flexibility so that we can meet the needs of different businesses in different circumstances, helping lenders to provide the capital required by the companies concerned. The main form of support will be guarantees, although loans may be appropriate in certain circumstances in line with the specific needs of the individual company and the best funding solution. Where a loan is an option, we would expect some disbursement before 6 September 2017.

The capping of total losses paid by the guarantor to the lender is a common characteristic of similar guarantee schemes, for example the Enterprise Finance Guarantee Scheme and most European Investment Bank products. The operational delivery approach is currently under development and will require both public and private sector input. Appropriate due diligence work will be required to be undertaken on each company to assess what type of support is appropriate. It is likely that this will be undertaken through the engagement of specialists with the appropriate skills and capacity to provide a sufficiently robust examination of the prospects and finances of each company.

The Enterprise Finance Guarantee (EFG) Scheme can support lending up to £1.2m. The new scheme will complement EFG by providing guarantees above that threshold to a maximum of £5m by individual company. My officials have considered a range of evidence on SME access to finance, including the evaluation of the Enterprise Finance Guarantee Scheme which was published in February 2013. Officials have discussed the scheme with the British Business Bank, to learn from their experience and wider knowledge in the delivery of guarantees.

Question reference: S5W-03779

Asked by: Willie Rennie, MSP for North East Fife, Scottish Liberal Democrats
Date lodged: Friday, 14 October 2016
Current Status: Answered by Keith Brown on 1 November 2016

To ask the Scottish Government further to the answer to question S5W-03364 by Keith Brown on 12 October 2016, for what reason the answer did not address the matter of the Enterprise Finance Guarantee Scheme that is operated by the British Business Bank, and whether it will now provide an answer.

Question reference: S5W-03778

Asked by: Willie Rennie, MSP for North East Fife, Scottish Liberal Democrats
Date lodged: Friday, 14 October 2016
Current Status: Answered by Keith Brown on 1 November 2016

To ask the Scottish Government, further to the answer to question S5W-03363 by Keith Brown on 12 October 2016, for what reason the answer did not address the matter of the engagement of specialists that was raised in the question, and whether it will now provide an answer.

Question reference: S5W-03776

Asked by: Willie Rennie, MSP for North East Fife, Scottish Liberal Democrats
Date lodged: Friday, 14 October 2016
Current Status: Answered by Keith Brown on 1 November 2016

To ask the Scottish Government, further to the answer to question S5W-03361 by Keith Brown on 12 October 2016, for what reason the answer did not confirm whether it expects any companies to receive loans guaranteed through the Scottish Growth Fund before 6 September 2017, and whether it will now provide an answer.

Question reference: S5W-03777

Asked by: Willie Rennie, MSP for North East Fife, Scottish Liberal Democrats
Date lodged: Friday, 14 October 2016
Current Status: Answered by Keith Brown on 1 November 2016

To ask the Scottish Government, further to the answer to question S5W-03362 by Keith Brown on 12 October 2016, for what reason the answer did not address the matter of similar schemes that was referred to in the question, and whether it will now provide an answer.

Question reference: S5W-03839

Asked by: Willie Rennie, MSP for North East Fife, Scottish Liberal Democrats
Date lodged: Monday, 17 October 2016
Current Status: Answered by Keith Brown on 27 October 2016

To ask the Scottish Government, further to the answer to question S5W-03360 by Keith Brown on 12 October 2016, with which business organisations and financial institutions it has met to date, and on what date each meeting was held.

Question reference: S5W-03838

Asked by: Willie Rennie, MSP for North East Fife, Scottish Liberal Democrats
Date lodged: Monday, 17 October 2016
Current Status: Answered by Keith Brown on 27 October 2016

To ask the Scottish Government, further to the answer to question S5W-03360 by Keith Brown on 12 October 2016, whether it will provide the complete list of business organisations and financial institutions with which it intends to engage in order to design the Scottish Growth Scheme.

Question reference: S5W-03785

Asked by: Willie Rennie, MSP for North East Fife, Scottish Liberal Democrats
Date lodged: Friday, 14 October 2016
Current Status: Answered by Keith Brown on 27 October 2016

To ask the Scottish Government whether it is advising Scottish companies that need loan guarantees to approach the British Business Bank or to wait for the establishment of the Scottish Growth Fund.

Scottish Companies seeking advice should in the first instance contact Business Gateway, or if account managed the relevant Enterprise Agency. In addition, Scottish Enterprise delivers a Scotland-wide Finance Readiness Programme to assist businesses to identify the most appropriate sources of finance and prepare the business case. Businesses should not delay investment plans and should continue to seek appropriate advice on potential sources of funding.

Question reference: S5F-00358

Asked by: Willie Rennie, MSP for North East Fife, Scottish Liberal Democrats
Date lodged: Monday, 24 October 2016
Current Status: Taken in the Chamber on 27 October 2016

To ask the First Minister what issues will be discussed at the next meeting of the Cabinet.

Question reference: S5W-03362

Asked by: Willie Rennie, MSP for North East Fife, Scottish Liberal Democrats
Date lodged: Friday, 30 September 2016
Current Status: Answered by Keith Brown on 12 October 2016

To ask the Scottish Government, further to the answer to question S5W-02378 by Keith Brown on 28 September 2016, which other guarantee schemes it was referring to when it stated that “total losses paid by the guarantor to the financial intermediary are usually capped”.