Scottish Enterprise was created on 1 April 1991 under the Enterprise and New Towns (Scotland) Act 1990.[4] That act dissolved the Scottish Development Agency [SDA], created in 1975 and the Highlands and Islands Development Board forming Scottish Enterprise alongside the Highlands and Islands Enterprise.[5]:62
Scottish Enterprise was created with a structure of Local Enterprise Companies (LECs). Initially these were Limited Companies with boards led by local businesspeople, but from 2000 they became wholly owned subsidiaries of Scottish Enterprise[6] and were subsequently wound up.[7]
On 1 April 2008, the skills function of Scottish Enterprise moved out of the organisation to the newly formed Skills Development Scotland.[8]
Scottish Enterprise works with a range of other local, national and international strategic partners, from industry and the public sector to help deliver its wider range of services and sector-specific support across international trade, innovation, investment and inclusive gro Scottish Enterprise works with a range of other local, national and international strategic partners, from industry and the public sector to help deliver its wider range of services and sector-specific support across international trade, innovation, investment and inclusive growth.
These include:
Scottish Development International is also responsible for delivering the Scottish Government’s inward investment targets.
Scottish Enterprise’s investment arm, the Scottish Investment Bank (SIB), operates across Scotland in partnership with Highlands and Islands Enterprise.
SIB aims to increase the supply of finance and help more Scottish SMEs with growth and export potential to access it.
Scottish Development International is also responsible for delivering the Scottish Government’s inward investment targets.
Scottish Enterprise’s investment arm, the Scottish Investment Bank (SIB), operates across Scotland in partnership with Highlands and Islands Enterprise.
SIB aims to increase the supply of finance and help more Scottish SMEs with growth and export potential to access it.
The Scottish Government is planning an expanded investment bank, which will incorporate the SIB, to be called the Scottish National Investment Bank (SNIB).[11]
SIB aims to increase the supply of finance and help more Scottish SMEs with growth and export potential to access it.
The Scottish Government is planning an expanded investment bank, which will incorporate the SIB, to be called the Scottish National Investment Bank (SNIB).[11]