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 2160 contributions
Education, Children and Young People Committee
Meeting date: 19 March 2025
Michael Marra
Okay, we will take that away.
On what happens next, I was glad to hear you commit to a timeframe of two weeks to come back with some kind of options. Pace is absolutely critical in this, as the institution is clearly still bleeding money. Given what we have heard about where it will find itself in a few weeks, what is on the table now that can be done? For instance, would you or the Government be prepared to stand behind a voluntary severance scheme so that those who wish to leave the institution can do so?
Education, Children and Young People Committee
Meeting date: 19 March 2025
Michael Marra
That is a very important commitment. It is an opportunity for an underwriting of some of the bank loan, as it will allow access to that cash a lot more quickly. At the moment, my understanding is that the university is considering how it can commit to put capital behind that, whether that be in buildings, having a secured loan rather than an unsecured loan or anything else that can be done. Is that a possibility?
Education, Children and Young People Committee
Meeting date: 19 March 2025
Michael Marra
Would that be in addition to bank finance?
Education, Children and Young People Committee
Meeting date: 19 March 2025
Michael Marra
On the status of the bank finance, where are we at with negotiations to secure some form of credit facility?
Education, Children and Young People Committee
Meeting date: 19 March 2025
Michael Marra
Okay, so it is being negotiated. Is there an indication that the Government might be prepared to underwrite some of that financing?
Education, Children and Young People Committee
Meeting date: 19 March 2025
Michael Marra
So, we will find out about that in the next two weeks as well. Okay. It is fair to say that it beggars belief that we have not gone through some of this already—that we have reached this point, and the numbers that we have heard about, without some of those options being explored with the Scottish Funding Council or with the Government.
Education, Children and Young People Committee
Meeting date: 19 March 2025
Michael Marra
That is £22 million of the £25 million?
Education, Children and Young People Committee
Meeting date: 19 March 2025
Michael Marra
Okay.
It sounds as if we are going to hear more about the independent review from the Scottish Funding Council today. Was there any discussion with the workforce or the students about its terms of reference?
Education, Children and Young People Committee
Meeting date: 19 March 2025
Michael Marra
I think that that is a pretty basic requirement. Can we add that list to the terms?
Education, Children and Young People Committee
Meeting date: 19 March 2025
Michael Marra
Can we add the former director of finance to the list of people that that investigation will speak to?