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Based on my own review and independent assurances received, it is my view that Scottish Enterprise has in place effective governance and internal control arrangements which are working well and comply with generally accepted best practice and the applicable guidance and principles within the Scottish Public Finance Manual. These arrangements were in place for the year ended 31 March 2026 and to the date of approval of the Annual Report and Accounts. As outlined in the section on Management Assurance Statements, Scottish Enterprise's significant corporate risk relating to financial sustainability is being drawn to the attention of the Scottish Government.
The detailed arrangements and the assurances received are outlined within the following sections of the Governance Statement.
Scottish Enterprise operates within the parameters of the Enterprise and New Towns (Scotland) Act 1990, which defines our purpose of furthering the development of Scotland's economy. Our activities support the delivery of the ambitions set out in Scotland's National Strategy for Economic Transformation alongside other supporting Scottish Government strategies. Scottish Enterprise published 'Our Focus on Economic Transformation' in January 2024, which sets out how - responding to the accelerating pace of change and the multiple challenges facing the global economy - we will focus on transformative opportunities that create high value jobs, boost productivity and build wealth for Scotland's businesses and people, through three economic development missions.
Our missions approach provides a framework to concentrate our efforts on those priority areas and businesses that will realise Scotland's economic potential and address structural weaknesses in the economy. Our missions are: