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The industrial investment policy of the SDA

Davies, John (1978) The industrial investment policy of the SDA. Quarterly Economic Commentary, 4 (2). pp. 34-46. ISSN 0306-7866

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    Abstract

    In its Annual Report fur 1977-78 the SDA reveals that it had £17million invested in twenty-six companies. This modest level of investment represents its contribution over its first five years of activity towards attaining its rather ambitious goals: "to help in uplifting and regenerating Scottish industry and the Scottish economy, and in improving the total stock and quality of Scotland's industry in terms of equipment, products and management" (SDA 1978b). With only some £120 million to invest over a five-year period, the contribution of the SDA to the achievement of these objectives can be little more than marginal. It has been suggested that to make any significant impact on the problems of Scottish industry the SDA needs to be given substantially more funds for investment. Does the Agency's performance suggest that a far larger investment budget could be justified?