Scottish Futures Trust
Encyclopedia
The Scottish Futures Trust is a government-owned company, set up by the Scottish Government in September 2008, to improve public infrastructure investment in the hope of saving £100 - £150 million each year when fully operational. It is run by a Board of 5 Non-Executive directors who are appointed by Scottish Ministers.
In December 2008, a few months after the Trust's creation, a committee of MSP
s criticised the Trust, saying that it had yet to prove that it was a better alternative to PPP/PFI tie-ups with the private sector. In 2009-10, the Scottish Future Trust saved the Scottish taxpayer £111 Million, which increased to savings of £129 Million in 2010-11.
In December 2008, a few months after the Trust's creation, a committee of MSP
Member of the Scottish Parliament
Member of the Scottish Parliament is the title given to any one of the 129 individuals elected to serve in the Scottish Parliament.-Methods of Election:MSPs are elected in one of two ways:...
s criticised the Trust, saying that it had yet to prove that it was a better alternative to PPP/PFI tie-ups with the private sector. In 2009-10, the Scottish Future Trust saved the Scottish taxpayer £111 Million, which increased to savings of £129 Million in 2010-11.