The Scottish Ministers must establish a public company limited by shares that—
(a) is named the Scottish National Investment Bank p.l.c.,
(b) has its registered office in Scotland,
(c) has the Scottish Ministers as its only member, and
(d) has articles of association framed in accordance with Chapter 2. Commencement Information I1 S. 1 in force at 16.9.2020 by S.S.I. 2020/272 , reg. 2 CHAPTER 2 S The Bank's articles of association on establishment
Section 2
2. The Bank's vision S
The articles of association must state that the Bank's vision is to provide finance and act to catalyse private investment to achieve a step change in growth for the Scottish economy by powering innovation and accelerating the move to a net-zero emissions, high-tech, connected, globally-competitive and inclusive economy. Commencement Information I2 S. 2 in force at 16.9.2020 by S.S.I. 2020/272 , reg. 2
