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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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Meeting of the Parliament [Draft]

Empowering Entrepreneurs and Innovators

Meeting date: 4 June 2025

Michelle Thomson

Entrepreneurship and innovation are central to driving economic growth. One might suggest that they are the twins of purposeful change in the economy, driving a culture of development and productivity improvement. All innovation involves what the late Professor Tom Burns called the “application of novelty” and he said:

“All novelty involves some degree of risk.”.

Innovation and entrepreneurship are social phenomena that exist at their best in cultures that support change and risk taking; they do not thrive in risk-averse cultures. I would contrast that with our activity as parliamentarians and Government ministers. In the main, there is too much of a tendency to see each and every failure in policy making as bad and a matter to be condemned. That encourages risk aversion among policy makers. If the initiatives that we take to support innovation and entrepreneurship were never to lead to some failures, that in itself would be a major failure.

Meeting of the Parliament [Draft]

Empowering Entrepreneurs and Innovators

Meeting date: 4 June 2025

Michelle Thomson

I am always in favour of oversight and accountability, but I am making a separate point. One can have accountability and a clear line of sight on funding, but, specifically on the matter of entrepreneurship and innovation, we must accept that we need to increase our threshold for risk. That will include public sector funding. We also want to crowd in more private finance, because the private sector has more of a view about this.

That leads me to the end of my remarks, but I have enjoyed the debate, nevertheless.

16:13  

Meeting of the Parliament [Draft]

Empowering Entrepreneurs and Innovators

Meeting date: 4 June 2025

Michelle Thomson

That is very kind—I really appreciate it. Lorna Slater mentioned this morning’s meeting of the Economy and Fair Work Committee, and I was going to point out that the witnesses were really talking about the large-scale lenders making the shift. It is really important for us to bear that in mind in relation to what we are able to influence in this Parliament, as I think that the reference to that kind of large-scale corporate lending was drawn from the United States. My intervention was just to make a clarification.

Meeting of the Parliament [Draft]

Empowering Entrepreneurs and Innovators

Meeting date: 4 June 2025

Michelle Thomson

Will the member give way?

Meeting of the Parliament [Draft]

Empowering Entrepreneurs and Innovators

Meeting date: 4 June 2025

Michelle Thomson

I thank the member—I will try to be quick. I must make the point that, yes, tax is a consideration, but, if we are talking about creating an entrepreneurial culture, we have to factor in the economic system as well. Surely the fact that so many key powers—over monetary policy, control of interest rates, money supply, corporation tax, employment law, migration, energy strategy, pensions, export support and so on—lie with Westminster should be factored in to it as well?

Meeting of the Parliament [Draft]

Empowering Entrepreneurs and Innovators

Meeting date: 4 June 2025

Michelle Thomson

Thank you very much for taking the intervention.

Finance and Public Administration Committee [Draft]

Scottish Public Inquiries (Cost-effectiveness)

Meeting date: 3 June 2025

Michelle Thomson

I am interested in the culture. Mary Morgan, it was interesting that you said that, until you were preparing for this evidence session, you had not realised that there could be other, different types of inquiries. You thought that they were all judge led and statutory.

Rebecca McKee, from your perspective, how did we get here? It is as if everybody is a winner when people and politicians demand an inquiry—lawyers are happy because they make a lot of money, and the Government is happy because it has made the issue go away. However, it is a long time until we know whether the people who were greatly affected by the issue at hand are happy—that could be years down the line. Culturally, how on earth did we get to the point that we are at today, based on your work and the research you have been doing?

Finance and Public Administration Committee [Draft]

Scottish Public Inquiries (Cost-effectiveness)

Meeting date: 3 June 2025

Michelle Thomson

Okay. My next question is for Rebecca McKee. Picking up on a point that my colleague John Mason focused on, I note that we have all said that we must be mindful of the cost. Where, if anywhere, is real pressure coming from to move it beyond being mindful of the cost? Is there any pressure? The House of Lords committee is looking at it, but I am thinking about what happens internally within Government.

Finance and Public Administration Committee [Draft]

Scottish Public Inquiries (Cost-effectiveness)

Meeting date: 3 June 2025

Michelle Thomson

Do you agree that no other public sector project would incur expenditure of, potentially, £30 million with no governance whatsoever and no stage gating around costs?

Finance and Public Administration Committee [Draft]

Scottish Public Inquiries (Cost-effectiveness)

Meeting date: 3 June 2025

Michelle Thomson

Thank you.