118
| For the year ended 31 March 2026 | General Reserve | Specific Reserve | Revaluation Reserve | Non-Controlling Interest | Total |
|---|
| £000 | £000 | £000 | £000 | £000 |
|---|
| Balance at 31 March 2025 | 438,279 | 1,632 | 74,754 | 815 | 515,480 |
|---|
| | | | | |
| Net expenditure during the year | (308,057) | 84 | - | 42 | (307,931) |
|---|
| Remeasurement gains / (losses) in retirement benefits scheme | 19,563 | - | - | - | 19,563 |
|---|
| Net gains / (losses) on revaluation of property, plant and equipment | | - | 3,700 | - | 3,700 |
|---|
| Transfer between reserves | 2,643 | - | (2,643) | - | - |
|---|
| Total recognised income and expense for year to 31 March 2026 | (285,851) | 84 | 1,057 | 42 | (284,668) |
|---|
| | | | | |
| Grant in Aid from Scottish Government | 223,237 | - | - | - | 223,237 |
|---|
| Repayment of Financial Transactions funding waived | 13,937 | - | - | - | 13,937 |
|---|
| Other grants from Scottish Government | 1,618 | - | - | - | 1,618 |
|---|
| 238,792 | - | - | - | 238,792 |
|---|
| | | | | |
| Balance at 31 March 2026 | 391,220 | 1,716 | 75,811 | 857 | 469,604 |
|---|
The General Reserve is the accumulated surplus on grant in aid funded activity of Scottish Enterprise. The grant in aid provision of £223m for 2025-26 (2025: £219m) included £96m (2025: £90m) in respect of net capital expenditure.
Specific Reserves are those reserves for which their subsequent use has been restricted to a specific purpose by a subsidiary undertaking.
Revaluation Reserve is the cumulative unrealised balance arising on revaluation adjustments to assets. The Revaluation Reserve total of £76m (2025: £75m) is fully attributable to net unrealised surpluses on Land and Buildings.