Lena Wilson, Scottish Enterprise's chief executive, was paid a £200,000 salary in her first full year in the post, according to SE's annual report and accounts just published.
Her pay rise from £191,000 helped to offset the ban on bonuses for senior public servants imposed by the Scottish Government, which saw the previous year’s bonuses of £53,000 for six executive team members, including £11,000 for Ms Wilson, reduced to nil.
The report, however, says that in 2010-11 there was “no bonus scheme for executive team members other than the chief executive”.
The team was expanded from six to eight during the year, which meant the total pay bill for top-level executives rose from £779,000 to £989,000.
There was also an expansion of cost for non-executives, where 10 directors shared £177,665 last year against £153,333 the previous year.
Among the executives, the biggest pension transfer values are those of Ms Wilson (£967,000), business networks and communications director Linda McDowall (£878,000) and Jim McFarlane (£1.32m), one of two operations directors.
The biggest earners were Mr McFarlane (£138,000), the other operations director Paul Lewis (£127,000), and Ms McDowall (£112,000) followed by chief financial officer Iain Scott (£109,000), people services director Carolyn Stewart (£107,000) and strategy and economics director Julian Taylor (£97,000).
Anne MacColl, appointed as permanent head of Scottish Development International during the year, received a relocation package of £56,039 to move from France.
The report says Scottish Enterprise will have total resources of £332m available during the current year, a rise of 7% on last year’s £310m, but that includes £45m for the RSA and SMART grant programmes following their transfer from the Scottish Government.
The report notes the inauguration during the year of the Scottish Investment Bank, and the launch of the Scottish Loan Fund to complement the Scottish Seed Fund, the Scottish Co-investment Fund and the Scottish Venture Fund.
It says: “While the last few years have seen a decline in the total level of equity investment in the UK, the market in Scotland has expanded.
“Scotland has been the most active UK area for venture-backed firms in recent years.”
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