Summary
MEMBERS of the board advising Scottish Enterprise on its investment strategy have severed ties with the organisation over the development process of the Scottish Investment Bank (SIB), announced by First Minister Alex Salmond last week.
The Sunday Herald can reveal that leading figures on the agency's Investment Advisory Board (IAB) have had heated exchanges with senior SE managers over the slow progress since the SIB was announced a year ago. It has emerged that this has been partly caused by turf wars between SE and the Scottish Government, which has been spearheading the project.See the full content of this document
Extract
Slow Progress On Sib Sparks Rift at Scottish Enterprise
Members have also complained about the lack of private sector consultation and a compromise that will put private fund managers in charge of some of the bank's f...
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