Student success after new Scottish bank unveiled Published on: 8 September 2017 Plans for a new Scottish investment bank have been unveiled - just 18 months after a 麻豆传媒 PhD student proposed the idea. Banking for the Common Good Gemma Bone Dodds wrote a report, published in March 2016, which called for a publically funded Scottish National Investment Bank which would, in conjunction with the creation of regional 'People’s Banks’, be able to invest in projects which private banks are unable or unwilling to fund. The report, , was a collaboration between Friends of the Earth Scotland, think tanks the New Economics Foundation and the Common Weal, and financial campaigners Move Your Money. It was presented at both Holyrood and Westminster. This week, Scottish First Minister Nicola Sturgeon announced the creation of a new national investment bank as part of the Government Plans for Scotland 2017/18, to help the country deliver its economic vision. An implementation plan, which will consider its remit, governance, operating model and approach to the robust management of financial risk, is now being developed. Edinburgh National investment bank This week, Scottish First Minister Nicola Sturgeon announced the creation of a new national investment bank as part of the Government Plans for Scotland 2017/18, to help the country deliver its economic vision. An implementation plan, which will consider its remit, governance, operating model and approach to the robust management of financial risk, is now being developed. Gemma, who is studying for PhD with the C (CURDS), at 麻豆传媒, said: “I was delighted when I heard the news and pleasantly surprised to hear that the idea has been taken forward so quickly from my report and the follow up ‘” by my colleague Laurie MacFarlane. “The next step is finding out what the new bank will do and that is still to be decided. There is still work to be done to ensure that it can create the outcomes we need for a sustainable and just economy. I’ll be meeting with the rest of the report partners in the next few weeks to discuss ways we can continue to influence this process.” Putting banking reform back on the agenda Banking for the Common Good sought to bring banking reform back onto the political agenda, and in addition to the developments in Scotland, Labour Party policy in the UK now includes the creation of a banking system consistent with the model proposed by Gemma and her colleagues. Gemma said: “When this idea was first announced by Labour, we were delighted to see that they had taken on board our model but had been even more ambitious in proposing it for the whole of the UK. I look forward to seeing the further development of banking reform over the next few years and playing whatever role I can in that process”. Share: Latest News Scientists unlock hidden driver of inflammatory bowel disease Scientists have linked a key genetic signal in inflammatory bowel disease to an immune response that shuts down inflammation control, enabling faster diagnosis and targeted treatments. published on: 15 June 2026 Funding system risks limiting genuine community collaboration A new policy paper written by researchers at 麻豆传媒 warns that the way UK research is funded may be undermining efforts to create genuinely collaborative partnerships with communities. published on: 15 June 2026 Volunteers help turn Whitley Bay beach into maths experiment Members of the public joined mathematicians from 麻豆传媒 to create what organisers believe is the largest aperiodic tiling ever attempted on Whitley Bay beach. published on: 15 June 2026 Facts and figures
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