Policy Round up: May 2022

The policy work SCDI carry out is a key driver of change within Scotland. We bring leaders together to consider how our economy can harness the changes ahead and look to influence the policy decisions necessary to drive sustainable economic growth for all of Scotland. Below is a summary of the work we have carried out in the past few months.

SCDI continues to share members’ insights with both politicians and officials in both governments. In addition to meetings with the Cabinet Secretaries for Enterprise, Finance and the Economy and Transport and

  • Cabinet Secretary for Finance and the Economy, Kate Forbes MSP
  • Cabinet Secretary for Net zero, Energy and Transport, Michael Matheson MSP
  • Minister for Transport, Jenny Gilruth MSP spoke to our Highlands and Islands and North-East members
  • Minister for Business, Trade and Tourism, Ivan McKee MSP
  • Transport Minister Jenny Gilruth MSPspoke to our Highlands and Islands members.

Recent Reports

SCDI STPR2 consultation response

SCDI Report – Trade and Cooperation with the EU – Actions to support Scotland’s Economy

Trade

The latest meeting of our International Business Committee was held alongside the launch of the new Centre for Inclusive Trade Policy at Fraser of Allander Institute. In our Blueprint we called for a Scottish Trade Policy Observatory and the new Centre is aligned with our proposal. We look forward to working with it on trade.

Business Purpose

Our Business Purpose Commission is finalising its look at how Scotland ensures it is known for nurturing purposeful businesses, which make a positive impact on economic prosperity, social wellbeing and environmental sustainability. The report will be launched in June after Forum.

Innovation

SCDI will be supporting the development of the new Scottish Innovation Strategy, especially on the theme of adoption. Members who are interested should get in touch.

Carbon Capture and Biodiversity

SCDI convened a group including Forestry and Land Scotland, Nature Scotland and the Scottish Land Commission to address the challenge of rising land values in rural Scotland. Investors are putting cash into forestry and tree-planting to offset carbon emissions. SCDI is proposing an outline business case for an investment vehicle which will ensure local communities benefit.

Clean Growth

CEO Sara Thiam has been invited to co-chair the Heat in Buildings Green Heat Finance Taskforce with the Minister for Zero Carbon Buildings, Active Travel and Tenant’s Rights, Patrick Harvie MSP. The purpose of the Taskforce is “to develop a portfolio of innovative financial solutions for building owners in Scotland to ensure that by 2045, our homes and buildings no longer contribute to climate change”. The Task Force is due to report later in the year.

District Heating

We facilitated a discussion on the opportunity to unlock investment in Glasgow.

Active Travel

We promoted active travel by facilitating a workshop supporting best practice for Transport Scotland and Sustrans.