The SNP published their economic manifesto Let Scotland Flourish 2007 in April 2006. This pre-election manifesto does state that some of the ideas in it could be implemented within the first 100 days of an SNP government, and others would need full independance. It outlines SNP policies to:-

  • Lower Corporation tax to 20 per cent
  • Lower business rates with a new focus on small businesses.
  • Reduce business burdens.
  • Refocus the business support network.
  • Encourage innovation and improve access to capital.
  • Institute a proactive immigration policy that welcomes 'new Scots' and encourages people to move back to Scotland.
  • A greater focus on Scotland's infrastructure.
  • Create a Scottish Futures Trust that replaces the Private Finance Initative.
  • Make sure that a fifth of public procurement contracts goes to SMEs.
  • Quickly move Scotland towards a low carbon economy and maximise the development of renewable energy potential.
  • Streamline Scottish Eneterprise and seek to focus it's work on other agencies.
  • Review Patent Laws and protections for inventors.
  • Proposes piloting a new loan for small businesses that cannot otherwise qualify for loans on reasonable terms.
  • Scottish Water to become a not-for-profit trust.

Oil Industry

  • Remove the supplementary charges from tariff contracts.
  • Level the playing field for new entrants by increasing the extent to which unrelieved allowances are reimbursed.
  • Extend the research and development tax credit to North Sea activities.
  • Encourage investment in heavy oil extraction.
  • Introduce a floor of $30 a barrel below which supplementary charges will not apply.