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“We congratulate John Swinney on his election as the new First Minister of Scotland. Prosper has had a positive relationship with Mr Swinney from his time at Westminster, through the early years of the Scottish Parliament, in his Ministerial offices and as Deputy First Minister.

“Over the 25 years of the Scottish Parliament the new First Minister will have seen perhaps more closely than anyone that sustainable growth supports sound public finances, good public services and a prosperous society – and the consequences of a weak economy.

“Given the challenges that Scotland faces now, it could not be more vital that this guides his programme for all of government, relations with Holyrood parties and partnerships with business, public and third sectors.

“We look forward to working with First Minister Swinney on the priorities for a more prosperous Scotland.”