STUC welcomes First Minister’s Announcement on a Scottish Investment Bank

April 21st 2009

Commenting on the First Minister’s speech to STUC Congress 2009, Grahame Smith, STUC General Secretary said:

“The STUC welcomes the First Minister’s announcement today of the first steps towards the establishment of a Scottish Investment Bank; a long-standing policy objective for the STUC. We now look forward to discussing the detailed implementation plans with colleagues in the Government and enterprise agencies.

“Together with the guarantee of an offer to complete apprenticeships this announcement shows the STUC continues to successfully influence the Government’s economic agenda.

“The First Minister’s concerns over the potential lack of a fiscal stimulus and public spending cuts in tomorrow’s Budget mirror those of the STUC”.

ENDS

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