The Official Report is a written record of public meetings of the Parliament and committees.
All Official Reports of meetings in the Debating Chamber of the Scottish Parliament.
All Official Reports of public meetings of committees.
Displaying 2061 contributions
Finance and Public Administration Committee
Meeting date: 21 September 2021
Michelle Thomson
Given the undoubted complexities that have been introduced by Covid and Brexit, and the challenging themes around net zero, just transition, human rights, equalities and wellbeing, what plans—if any—are you able to outline today with regard to your thinking about how you might develop the NPF?
Economy and Fair Work Committee
Meeting date: 15 September 2021
Michelle Thomson
I will start with a question for the two directors of finance—Anthony Daye and Nick Kenton. You may have seen that, in the previous panel session, I wanted to explore the extent to which people are confident about their projections for next year’s budget, given the considerable uncertainty, what had been looked at in scenario planning, and their confidence level around that. Please keep your answers brief. I do not need to go through every single budget line; I simply want to get a sense of where you are at with that.
Economy and Fair Work Committee
Meeting date: 15 September 2021
Michelle Thomson
If you do not get what your projections are, do you have mitigations in place?
Economy and Fair Work Committee
Meeting date: 15 September 2021
Michelle Thomson
Okay. You have given a lot of very clear data—thank you for that. I want to establish what your confidence level is for your future projections in the light of an uncertain settlement. How confident are you that you have got all your bases covered?
Economy and Fair Work Committee
Meeting date: 15 September 2021
Michelle Thomson
I appreciate that it is very complex for you.
I am conscious of time, so I will move on. My next questions are for both organisations, although I suggest that Adrian Gillespie might want to come in for Scottish Enterprise. We had quite alarming stats presented to us from Women’s Enterprise Scotland, and I have a couple of questions off the back of that. The first one is incidental and a result of my also sitting on the Finance and Public Administration Committee. I was quite shocked to hear that only 1 per cent of private equity investment goes on women-led businesses, meaning that, obviously, 99 per cent goes on male-led businesses.
Adrian Gillespie and Malcolm Roughead, do you routinely disaggregate your data by gender, and do you therefore interrogate that data to map out what your territory looks like in business support or business investment?
On the back of that, we have had commentary that the ability of women-owned businesses to access enterprise agency support has been harder because they tend to operate in areas—the beauty sector, for example—that are not necessarily the focus for growth. I would like a bit of commentary on that.
Do you routinely disaggregate data? If so, do you then interrogate it? Adrian Gillespie, perhaps you would like to go first.
10:30Economy and Fair Work Committee
Meeting date: 15 September 2021
Michelle Thomson
Yes, it does—thank you.
I appreciate that Malcolm Roughead, given his role, might want to take it up a level. Please give me a sense of your current budget position, your future projections and your confidence level.
Economy and Fair Work Committee
Meeting date: 15 September 2021
Michelle Thomson
Thank you. Malcolm Roughead, would you like to come in at this point?
Economy and Fair Work Committee
Meeting date: 15 September 2021
Michelle Thomson
First, I will take us back a bit and explore budget positions. You have submitted written information, so I want to keep this snappy. I am interested in getting a brief summary of what both organisations believe their current budget positions to be. It might be more appropriate for Douglas Colquhoun to comment on behalf of Scottish Enterprise. You will be looking at next year in the light of a very uncertain trading environment for everybody. I am particularly interested in the forward-looking aspect, the mitigations that you are anticipating and your confidence in them, given the uncertainty about Scottish Government funding.
Economy and Fair Work Committee
Meeting date: 15 September 2021
Michelle Thomson
That is very helpful. Thank you.
I want to bring in Jane Morrison-Ross and Carroll Buxton. Nick Kenton used a term “golden threads”. One of my golden threads to obtain diversity in our economic output is ensuring that women-led businesses are adequately represented. There has been a lot of chat. We know that women have been disproportionately affected, and I suspect that women-led businesses have been disproportionately affected. I would like Jane Morrison-Ross’s and Carroll Buxton’s observations on that.
Finance and Public Administration Committee
Meeting date: 14 September 2021
Michelle Thomson
Susan Murray will not be surprised to hear that I want to follow up on her comment about unregistered businesses. It was a fair comment. My perception is that a fair percentage of those businesses would be led by women. Can you put a bit of meat on the bones of the comment that you made on that, before I move on to my main questions?