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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 24 December 2025
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Displaying 2845 contributions

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Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Colin Beattie

It seems like we were waiting an awful long time for that investment. How much was it?

Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Colin Beattie

That is quite significant.

Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Colin Beattie

That is a headline. How is the strategy actually being implemented?

Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Colin Beattie

What is the timescale for that?

Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Colin Beattie

You are relatively confident. Are you satisfied as to the good faith in that regard?

Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Colin Beattie

This was back in 2016.

Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Colin Beattie

Does the investment not have to be in Lochaber?

Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Colin Beattie

So, it is not just Scotland in general.

Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Colin Beattie

To come back to more conventional investment, where investors have equity in the business, what are the exit strategies for them?

Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Colin Beattie

Perhaps I could ask one final question. We have spoken about due diligence, but that does not just stop at the point of purchase. What on-going due diligence do you maintain over such investments?