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 3016 contributions
Public Audit Committee [Draft]
Meeting date: 28 May 2025
Colin Beattie
Based on what you have said, it seems that the bank is aware of those risks and is managing them, to the extent that it can.
Public Audit Committee [Draft]
Meeting date: 21 May 2025
Colin Beattie
I am a bit concerned about one particular area. Last year, witnesses told us that SCAD does not conduct horizon scanning of at-risk companies, sectors or whatever and that requests for support simply get referred back. You have referred, for example, to the enterprise boards and so on as being one of the conduits. Is that not a high-risk approach? If you are just waiting for things to come in, do you not risk missing critical issues out in the market?
Public Audit Committee [Draft]
Meeting date: 21 May 2025
Colin Beattie
I was interested in your reference to theatre groups, which I would never have linked to what you do. What are the criteria for getting involved in the cultural side of things? Is it the number of staff? Is it the impact on the local economy?
Public Audit Committee [Draft]
Meeting date: 21 May 2025
Colin Beattie
Although small in number, the existing investments are very diverse in terms of the skills and expertise needed to understand the businesses. I know that you bring in consultant expertise to manage that—and I will come on to the subject of consultants in a minute—but how much expertise do the people in SCAD have in the sectors into which your current projects fall? I ask the question, because you might be looking at dealing with other sectors outside of the limited number that you already work with.
Do you see where I am going on this? I am trying to understand how the people in SCAD get the expertise.
Public Audit Committee [Draft]
Meeting date: 21 May 2025
Colin Beattie
The bulk?
11:00Public Audit Committee [Draft]
Meeting date: 21 May 2025
Colin Beattie
I am going by what is in the document, but the EY report states that
“the Scottish Government should formalise monitoring of companies of strategic importance in Scotland”.
You would expect that to be happening as a matter of course, but the response seemed to indicate that that was not the case—that is, that the process was happening more by referral than through proactive monitoring of the market.
Public Audit Committee [Draft]
Meeting date: 21 May 2025
Colin Beattie
I guess that there are arguments both ways on that one.
Public Audit Committee [Draft]
Meeting date: 21 May 2025
Colin Beattie
The information that we have shows that requests for support come in from various parties—again, you mentioned the enterprise boards earlier. I think that you had about 40 staff at that time, but how many staff are actually engaged in the analysis of at-risk companies or sectors?
Public Audit Committee [Draft]
Meeting date: 21 May 2025
Colin Beattie
The one thing that I have not got a feel for is the sorts of volumes that are coming forward. You say that you have staff who are basically dedicated to that purpose. What sorts of volumes are they dealing with? Some companies might be quite complex, which could take up weeks or months of someone’s time. How many staff do you have sitting there, for example, at the moment?
Public Audit Committee [Draft]
Meeting date: 21 May 2025
Colin Beattie
So, there are seven staff members handling prospects, if I can put it that way. What do the other 33 do? Are they placed with the existing investments?