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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 4 May 2021
  6. Current session: 13 May 2021 to 6 November 2025
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Displaying 2809 contributions

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Economy and Fair Work Committee [Draft]

Pre-Budget Scrutiny 2026-27

Meeting date: 24 September 2025

Stephen Kerr

Very good.

I want to ask you about the health of the organisation, because it is about to have its fourth CEO in five years. It is like the Aberdeen and Hibs of leadership roles, is it not?

Economy and Fair Work Committee [Draft]

Pre-Budget Scrutiny 2026-27

Meeting date: 24 September 2025

Stephen Kerr

I am sorry, Kevin; it was too tempting to miss the chance to say that.

What does the constant rotation of CEOs—which, in most organisations, would be seen as a negative—do in relation to strategic continuity, staff morale and, of course, external confidence, because the face of the organisation keeps changing?

Economy and Fair Work Committee [Draft]

Pre-Budget Scrutiny 2026-27

Meeting date: 24 September 2025

Stephen Kerr

I have one last question to ask, with the convener’s indulgence. It would be wrong of me not to raise this point, particularly on a day when all the committee members present at the meeting are male. Our female committee members are not with us today, which is a great pity. If Michelle Thomson were here, she would want me to ask you about the issue of female-led companies.

On innovation investment—we are now going back to the theme of additionality, because this is a traditional problem—innovation businesses that are led by women struggle to raise capital. That funding from SNIB fell to just 4.2 per cent of the investment moneys in 2024. What is happening there? What is going wrong? How can we remedy that? Clearly, that 50-plus per cent of the population of this country have more than their fair share of entrepreneurial flair and courage, but they are not getting the funding.

Economy and Fair Work Committee [Draft]

Pre-Budget Scrutiny 2026-27

Meeting date: 24 September 2025

Stephen Kerr

Oh, it is—I beg your pardon.

Economy and Fair Work Committee [Draft]

Pre-Budget Scrutiny 2026-27

Meeting date: 24 September 2025

Stephen Kerr

How does that square with our earlier discussion?

Economy and Fair Work Committee [Draft]

Pre-Budget Scrutiny 2026-27

Meeting date: 24 September 2025

Stephen Kerr

You do not think that you would have.

Economy and Fair Work Committee [Draft]

Pre-Budget Scrutiny 2026-27

Meeting date: 24 September 2025

Stephen Kerr

But that is because of the business environment, is it not? There are developments on brownfield sites happening across the UK.

Economy and Fair Work Committee [Draft]

Pre-Budget Scrutiny 2026-27

Meeting date: 24 September 2025

Stephen Kerr

But the problem is that the business environment is not right for the private investors; that is what you are saying.

Economy and Fair Work Committee [Draft]

Pre-Budget Scrutiny 2026-27

Meeting date: 24 September 2025

Stephen Kerr

All right. I want to circle back to what you said about the restrictions from HM Treasury on NDPBs—non-departmental public bodies; it is sometimes easier to say the actual name than it is the initials—which was interesting. You mentioned the working group that HMT has invited you to be involved in. Who else is on the group, what is its remit and what is the expectation regarding an outcome from its work?

Economy and Fair Work Committee [Draft]

Pre-Budget Scrutiny 2026-27

Meeting date: 24 September 2025

Stephen Kerr

It is about getting past the Treasury rules, in effect.