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Chamber and committees

Official Report: search what was said in Parliament

The Official Report is a written record of public meetings of the Parliament and committees.  

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Dates of parliamentary sessions
  1. Session 1: 12 May 1999 to 31 March 2003
  2. Session 2: 7 May 2003 to 2 April 2007
  3. Session 3: 9 May 2007 to 22 March 2011
  4. Session 4: 11 May 2011 to 23 March 2016
  5. Session 5: 12 May 2016 to 5 May 2021
  6. Current session: 12 May 2021 to 22 July 2025
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Displaying 2256 contributions

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Economy and Fair Work Committee [Draft]

Community Wealth Building (Scotland) Bill: Stage 1

Meeting date: 4 June 2025

Michelle Thomson

I will bring in Professor Escobar shortly. I completely agree that, arguably, our entire financial system is geared to the bigger, the clearer and the perception of less risk, which means that something needs to be tried and tested. That seems counterintuitive to some of the changes that could be effected at community level by the bill, but we are where we are.

Economy and Fair Work Committee [Draft]

Community Wealth Building (Scotland) Bill: Stage 1

Meeting date: 4 June 2025

Michelle Thomson

I keep promising to bring in Professor Escobar.

Economy and Fair Work Committee [Draft]

Community Wealth Building (Scotland) Bill: Stage 1

Meeting date: 4 June 2025

Michelle Thomson

It is really interesting for me to understand what the blockers are and to what extent the bill can be an enabler. Economic strategy, in and of itself, can indicate intent, but it does not necessarily bring all the pots of money to the table. We have some control over various things in the public sector, some of which Councillor Forson mentioned, but we also talked earlier about small and medium-sized enterprises. Primarily, much of their funding will come from banks, which will take a completely different view of the matter, given their attitude to risk, and they may not be at the table.

I am trying to get a sense of how much of a shunt the bill could provide, although, in my assessment, there would still be considerable blockers. As Councillor Forson said, as a minimum, we do not want the bill to get in the way.

Economy and Fair Work Committee [Draft]

Community Wealth Building (Scotland) Bill: Stage 1

Meeting date: 4 June 2025

Michelle Thomson

I am not disputing that; I am simply trying to gain from you an understanding of where we are at. Even if—assuming that the bill goes through—the Government sends out a clear indication of its intention, in and of itself, that will not necessarily attract the range of funding that would be required to enable projects. Even if we completely agree that community wealth building is good and should attract funding, it will not do so in and of itself. I am trying to get a better understanding of where we are at.

Economy and Fair Work Committee [Draft]

Community Wealth Building (Scotland) Bill: Stage 1

Meeting date: 4 June 2025

Michelle Thomson

Thank you very much.

Economy and Fair Work Committee [Draft]

Community Wealth Building (Scotland) Bill: Stage 1

Meeting date: 4 June 2025

Michelle Thomson

Professor Escobar, do you have any final comments on the issue?

Meeting of the Parliament [Draft]

Empowering Entrepreneurs and Innovators

Meeting date: 4 June 2025

Michelle Thomson

That is simply not true. Every single week, I listen to baying from across the chamber about multiple policies. My point is that we must allow for some risk taking if we are to drive innovation and entrepreneurship, and businesses accept that. I am making that point to all of us, and to civil servants. There is a fundamental dichotomy at play that will not serve us well in the world.

Meeting of the Parliament [Draft]

Empowering Entrepreneurs and Innovators

Meeting date: 4 June 2025

Michelle Thomson

I completely agree. It is well known that I would spend most of every day talking about such matters. We need a wealthy economy to support the social changes and contribution that we want to make.

Thomas Watson, the founder and long-term chair of IBM, probably put it better than I can when he said:

“If you want to increase your success rate, double your failure rate.”

Fundamentally, if we want to drive innovation and entrepreneurship, we all have to understand that we need to increase our tolerance for risk. That is even more important in today’s world, given the speed of change.

Meeting of the Parliament [Draft]

Empowering Entrepreneurs and Innovators

Meeting date: 4 June 2025

Michelle Thomson

We have been talking a great deal about Sir Tom Hunter’s report, but Oxford Economics, which did the research, also made it clear that Singapore’s success rested to a large extent on higher-value manufacturing such as electronics and precision engineering. To that end, what commentary does Daniel Johnson have for the planned cut in the immigration of engineers? That is surely a worry.

Meeting of the Parliament [Draft]

Empowering Entrepreneurs and Innovators

Meeting date: 4 June 2025

Michelle Thomson

Will the member take an intervention?