Establish a Scottish Investment Fund

We support the proposal of the Scottish Currency Group (SCG) to put at least 1% of the assets of the 11 Local Government Pension Funds in Scotland into a dedicated Investment Fund.

This would raise around £750 million initially, which could be used to invest in wealth-creating assets, which would ensure Scottish funds are used to create wealth in Scotland, the proceeds of which stay in Scotland.

In its paper, the SCG uses the example of the redevelopment of the Ardersier Port in Inverness-shire. "Haventus", a company owned by the US private equity firm Quantum Capital, invested £300m to redevelop the Port into an "Energy Transfer Facility". However, the profits generated by this operation will flow back to New York!

A dedicated Scottish Investment Fund would help to maintain, or create, national wealth-producing assets; help to ensure national ownership of assets; help to ensure profits come back into the Scottish economy instead of escaping abroad; and help ensure less dependency upon foreign investment.

See SCG paper at scg.scot/wp-content/uploads/2026/03/The_Community_Wealth_Building_Act_and_LGPS_Funds.pdf