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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 10 January 2026
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Displaying 2857 contributions

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Economy and Fair Work Committee

Scottish Government Policy Priorities (Wellbeing Economy, Fair Work and Energy)

Meeting date: 10 May 2023

Colin Beattie

The assessment has already been made that adequate private capital is available globally, which to me seems a bit odd. Given that private capital is much in demand to finance our existing industries, it seems strange that there would be a massive surplus of capital waiting to come in. However, I realise that that was a global calculation. What is the calculation of the availability of capital in the Scottish and UK markets, for which we do not have to compete with other countries?

Economy and Fair Work Committee

Scottish Government Policy Priorities (Wellbeing Economy, Fair Work and Energy)

Meeting date: 10 May 2023

Colin Beattie

Cabinet secretary, I want to explore a couple of areas. First, will you update us on the review of the skills landscape that is being led by James Withers, and on the plans to refresh the climate emergency skills action plan? On the back of that, can you tell us how the two reviews will be joined up?

Economy and Fair Work Committee

Scottish Government Policy Priorities (Wellbeing Economy, Fair Work and Energy)

Meeting date: 10 May 2023

Colin Beattie

I would like to explore one other area, which is money. None of what we have discussed will happen unless sufficient investment is available. Government investment will probably be somewhat limited in comparison with the sum that will be needed if we are to succeed with the just transition, which has been described as “eye watering”.

We have also been assured that plenty of private capital is available. However, the calculation was done not just for the UK but on a global basis. How do we know that sufficient capital will be available for Scotland to cover those specific costs?

Economy and Fair Work Committee

Scottish Government Policy Priorities (Wellbeing Economy, Fair Work and Energy)

Meeting date: 10 May 2023

Colin Beattie

Thank you, cabinet secretary.

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 26 April 2023

Colin Beattie

Cabinet secretary, witnesses have suggested that involving the investor community early in the development of plans would give an opportunity to get a better understanding of the finance that might be available and of how to ensure that policies and projects are aligned with the market’s ability to deliver. How specifically will the Scottish Government use the just transition plan to highlight and package projects in a way that will ensure that they are attractive to private investors?

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 26 April 2023

Colin Beattie

You have correctly said that the cost that is going to have to be absorbed is eye watering. The public sector is not going to be able to meet that cost by itself, but can the private sector do so? We keep hearing about problems with people investing long-term capital, patient capital and all that sort of thing. The Scottish National Investment Bank was brought in partly to try to plug that gap, but we are talking about tens of billions of pounds here. Is there enough capital in Scotland or, indeed, the United Kingdom or elsewhere to do that? Given that everybody is going to be tapping into the capital available to develop their own climate change targets, has any assessment been done of what might be available over a period?

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 26 April 2023

Colin Beattie

If we already have a track record of what some people have described as “heavily consulting” the local community and we are going to have another consultation, surely we must deliver something as a result of those consultations at some point, otherwise we will find disengagement from the local community.

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 26 April 2023

Colin Beattie

I welcome that and look forward to seeing it.

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 26 April 2023

Colin Beattie

I will come in on the back of some comments that Liam Middleton made. It might be a daft laddie question, but what does sustainable aviation fuel consist of?

Economy and Fair Work Committee

Just Transition (Grangemouth Area)

Meeting date: 26 April 2023

Colin Beattie

One of my concerns is that, if we manage to attract the volumes of capital that are needed, people will, obviously, want a return on their capital. That will be one of the most compelling reasons to invest. There is also great pressure on capital at the moment to be absorbed into and grow the economy. Is the market capable of handling both things at the moment?