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Scottish Enterprise achieved our main financial objective for the year which is to ensure that the financial outturn for the year is within the budget allocated by the Scottish Ministers. Our net under spend against its allocated budget for the year to 31 March 2026 was £3.9m.
£1.8m of the underspend relates to the Capital and Financial Transactions elements of the budget with the remaining £2.1m of the underspend relating to the Resource element of the budget. This is considered a strong financial performance given the volatility in the underlying projects being delivered.
Further details of Scottish Enterprise's cash budget allocation are provided in the Financial Performance section of the Performance Report.