In the interest of increased transparency, all salaries noted above have been disclosed to the nearest £1,000 rather than in bandings of £5,000 as required by the Financial Reporting Manual (FReM). Salary costs relate to the period that the individual held a role on the Executive Leadership Team.

In line with all Scottish Enterprise colleagues, if they were eligible, Executive Leadership Team members, including the Chief Executive, received a pay increment effective from 1 April 2025. Increases varied from 4.00% to 6.93% depending upon the position of the existing salary in the pay band. No Scottish Enterprise bonuses were paid or payable to any members of the Executive Leadership Team for 2025-26.

The value of pension benefits accrued during the year is calculated as the real increase in pensions and applying the HMRC methodology multiplier of 20 plus the real increase in any lump sum. The real increases exclude increases due to inflation and are net of contributions made by the individual.