This working paper is part of the UCL Institute for Innovation and Public Purpose’s (UCL IIPP) publication series.
Explore more working papers and policy reports here.
UCL Institute for Innovation and Public Purpose (IIPP) Working Paper Series: IIPP WP 2017-05
Authors
- Mariana Mazzucato | Director, Professor in the Economics of Innovation and Public Value, UCL Institute for Innovation and Public Purpose
- Laurie Macfarlane | Honorary Research Fellow, UCL Institute for Innovation and Public Purpose
Reference
Mazzucato, M, Macfarlane, L, (2017). “Patient strategic finance: opportunities for state investment banks in the UK”. UCL Institute for Innovation and Public Purpose, Working Paper Series (IIPP WP 2017-05). https://www.ucl.ac.uk/bartlett/public-purpose/wp2017-05
Abstract
This report looks at the ways in which a state investment bank can provide patient strategic finance for investment led growth and innovation. It positions this case in the context of the current challenges and opportunities in the UK economy. Lessons from six international state investment banks are used to reflect on the importance of mission statements, governance structures, financing instruments, relationship to national policies, and metrics of evaluations. The use of these lessons for the emerging Scottish National Investment Bank is given close attention.
This working paper is part of the UCL Institute for Innovation and Public Purpose’s (UCL IIPP) publication series.
Explore more working papers and policy reports here.