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John Swinney MSP ~ T:0845 7741741 E: email@example.com
The Scottish Government
Sir Fred GoodWin Chief Executive' Royal Bank of Scotland Headquarters Gogarnum Edinburgh Quay EH121HQ
I was trying to catch a word with you last week to convey my good wishes and congratulations in the light of the ABN-AMRO deal. This is an enormous achievement for RBS and your partners, made more significant by the scale of effort that has been required to deliver the deal. Our Government recognises the immense contribution RBS makes to the Scottish economy. We also value the positive impression RBS' contribution to the Scottish economy makes to perceptions in other countries about Scotland as an attractive place to do business. I wish you well in the challenges of incorporating ABN into your activities and assure you of the strong support of the Scottish Government to your efforts.
St Andrew's House. Regent Road. Edinburgh EH13DG www.scotland.gov.uk
Cabinet Secretary for Finance and SustainableGrowth John Swinney MSP
T:0845 7741741 E:firstname.lastname@example.orgLgov.uk
The Scottish Government
Sir Fred Goodwin Chief Executive Royal Bank of Scotland RBS Gogarburn PO Box 1000 Edinburgh EH12 1HQ
7 November 2008 Dear Fred I thought it was important that I write to you at this time to emphasise the Scottish Government's commitment to maintaining confidence in the business sector in the current economic climate. I fully appreciate that the banking sector is currently facing unprecedented global circumstances and is fully engaged in facing the resulting challenges. However I consider it a priority to minimise the impact of the current economic climate and in particular, to address the emerging concerns associated around demand and supply of credit. It is extremely important that businesses with good prospects can access the necessary financial products to enable the business to grow. As you will be aware, the Scottish Government was elected on a mandate of change with a strong commitment to reinvigorate Scotland's economy. While Scotland has been outperformed by small European nations in the past, the Scottish Government wants to reverse that trend once and for all. To do so we need to inwlve the private sector in partnership and we fully recognise the contribution the private sector can make to increasing sustainable economic growth. However in reaching their growth aspirations, Scottish businesses need to be underpinned by a strong reactive banking community providing valuable cash resources. We are seeing an increasing number of representations from businesses raising concerns about accessing affordable finance from the banking community. I would find it reassuring to be made aware that the banks in Scotland are fully utilising all available sources of funding, and ensuring any benefits are being passed onto customers. For example, the European Investment Bank has made substantial resources available to assist the banks with SME lending. This was outlined at an event last week by Philippe Maystadt, EIB President, who explained how the SME loans work, explained the improved and simplified reforms to the product, and the benefit to banks and business. I recognise that it is for each individual lender to decide whether the EIB facilty adds value but I would encourage you to consider this option. Another option which might be appropriate for some SME customers is invoice discounting. You will be aware that we changed our standard terms and conditions of contract to allow suppliers to the Scottish Government to use factoring and invoice discounting without prior permission.
St Andrew's House, Regent Road, Edinburgh EHl 30G www.scotland.gov.uk
It may reassure you to know that from our perspective, firms across Scotland are already able to access advice on cash flow and business efficiency issues from the Business Gateway website and where appropriate, direct from Scottish Enterprise and Highlands and Islands Enterprise. The Scottish Government fully appreciates the heightened importance of ensuring that the right advice is readily available to firms during these difficult times. Boosting business advice is part of our economic recovery plan and the Scottish Government will ensure that thIs continues to be made available. Where appropriate, Business Gateway will be advising Scottish businesses about the UK wide Small Firms Loan Guarantee Scheme. Again we would encourage you to participate in that scheme. I hope that this letter is helpful in setting out the Scottish Government's desire to see a continued commitment to improving the prospects for greater business creation and growth of the small business sector in Scotland and in highlighting the importance of the central role that the banking sector will play in this process. I am writing in the same terms to all four clearing banks in Scotland and copies of this letter also go to the Industry Deputy Chair of FISAB and to the Chief Executive of the Chartered Institute of Bankers in Scotland.
St Andrew's House, Regent Road, Edinburgh www.scotland;gov.uk
Macleod K (Kirsteen)
From: Sent: To: Subject: Holmes G (Gillian) 04 January 2008 11:33 'Roger. Lowry@rbs.co.uk' FW: Invitation to RBS Annual Reception with Sir Fred Goodwin
Roger Unfortunately due to a Ministerial diary commitment Mr Mather will be unable to accept your kind invitation The Minister has a dinner engagement in Aberdeen for the evening of2l January 2008 Regards Gill Holmes Diary Secretary Minister for Enterprise, Energy and Tourism * 0141 2425778 All e-mails and attachments sent by a Ministerial Private Office to another official on behalf of a Minister relating to a decision, request or comment made by a Minister, or a note of a Ministerial meeting, must be filed appropriately by the primary recipient. Private Offices do not keep official records of such e-mails or attachments. Thank you.
-----Original Message----From: Lowry, Roger (Group Comms) [mailto:Roger.Lowry@rbs.co.uk] Sent: Thursday, December 20,20073:37 PM To: Lowry, Roger (Group C0111111S) Subject: Invitation to RES Annual Reception with Sir Fred Goodwin Importance: High Invitation to RBS Annual Reception with Sir Fred Goodwin I am writing to invite you to the 2008 RES Annual Reception for politicians and journalists at 35 St. Andrew's Square on Monday 21 January. We should be delighted if you were able to join us at the Reception, hosted by RBS Chief Executive Sir Fred Goodwin. The event begins at 18.30 and is scheduled to end around 21. 00. I would be grateful if you could accept or send regrets by reply of email or by calling 020 7672 2285. Best wishes Roger Lowry The Royal 13ank of Scotland Group
Roger Lowry Head of Government Affairs Royal Bank of Scotland Group Head Office
Gogarburn (12/280) PO Box 1000 Edinburgh, EH12 IHQ The Royal Bank of Scotland pIc, Registered in Scotland No. 90312. Registered Office: 36 St Andrew Square, Edinburgh EH2 2YB Authorised and regulated by the Financial Services Authority. This e-mail message is confidential and for use by the addressee only. If the message is received by anyone other than the addressee, please return the message to the sender by replying to it and then delete the message from your computer. Internet e-mails are not necessarily secure. The Royal Bank of Scotland pIc does not acccpt responsibility for changes made to this message after it was sent. Whilst all reasonable care has bcen taken to avoid the transmission of viruses, it is the responsibility of the recipient to cnsure that the onward transmission, opening or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by The Royal Bank of Scotland pIc in this regard and the recipient should carry out such virus and other checks as it considers appropriate.
"For latest 11CWS and information about all aspects of Parliamentary business, MSPs and our work, visit the Parliamen,'s website at http://www.scottish.parliament.uk/. For information about how you can visit the Parliament, go to http://WW\\.scottish.parliamenLuk/vli/visitingHolyroodlindex.htm. Watch Parliamcntary business live at http://www.holyrood.tv/The information in this e-mail transmission and any fiks or attachments transmitted with it are strictly confidential and may contain privileged information. It is intended solely for the person or organisation to whom it is addressed and if you are not the intended recipient, you must not copy, distribute, disclose or take any action in reliance on it. If you have received this c-mail in error, plcase delete it from your computer system and notify the sender as soon as possible. 'v\ hile this e-mail message and attachments have been swept by the content filter software for the presence 0 i' computer viruses, thc Scottish Parliamentary Corporate Body does not guarantee that either are virus-free ;'ild accepts no liability for damage sustained as a result of a virus. It is the recipient's responsibiiity to ensure that the onward transmission, opening or use of this message and any attachments will not a(:,erscly affect their systems or data or otherwise incur liability in law."
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This e-ma:. (and any files or other attachments transmitted with it) is intended solely for the attention of the addressec( :. Unauthorised use, disclosure, storage, copying or distribution of any part of this e-mail is not permitted. : r you are not the intended recipient please destroy the email, remove any copies from your system an . Inform the sender immediately by return.
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