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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 31 December 2025
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Displaying 3346 contributions

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Economy and Fair Work Committee

National Strategy for Economic Transformation

Meeting date: 18 January 2023

Graham Simpson

Aside from the £200,000 that I mentioned, which is paid to a company, has Mr Logan been given any other resources to fulfil the role?

Economy and Fair Work Committee

Budget 2023-24

Meeting date: 18 January 2023

Graham Simpson

Okay, I will leave that there.

You mentioned the Scottish National Investment Bank; I will ask you about that in a moment. First, I want to ask about the line in the budget that relates to Ferguson Marine Engineering Ltd, which had £47 million in 2021-22, then £35.9 million in 2022-23, which will go up to £60.9 million in 2023-24. When we look at the money that has been given to the yard, it is almost like watching an episode of “Ant and Dec’s Limitless Win”—there does not seem to be any kind of cap. Can you guarantee that the £60.9 million that has been allocated for 2023-24 is it, or will there be more?

Economy and Fair Work Committee

Budget 2023-24

Meeting date: 18 January 2023

Graham Simpson

That is not a commitment.

Economy and Fair Work Committee

Budget 2023-24

Meeting date: 18 January 2023

Graham Simpson

Do you have a maximum in mind?

Economy and Fair Work Committee

Budget 2023-24

Meeting date: 18 January 2023

Graham Simpson

That is the nature of investment—some will work, but some will not. I am not picking on that particular company; I just happened to look at it and it struck me that it might not be particularly Scottish. I appreciate that you want a return from our investment, for Scotland. I am happy to leave it there.

Economy and Fair Work Committee

National Strategy for Economic Transformation

Meeting date: 18 January 2023

Graham Simpson

I have one final question. Last week, I asked Mr Logan about his involvement with the company that I just mentioned, TravelNest. He is still listed as a director of that company, although he told us that he had pulled back.

Maybe he has pulled back, but it struck me that, not just for him but for anyone in a similar role with Government, whether they are paid or not, we should have clarity on their business interests, either as directors or regarding whether they hold shares in particular companies. Would you agree with that?

Economy and Fair Work Committee

Budget 2023-24

Meeting date: 18 January 2023

Graham Simpson

I have a question about the Scottish National Investment Bank, because it is also receiving a real-terms increase in funding. What is that based on? Are you expecting the bank to deliver anything in particular? Has it come forward with particular projects that have whetted your appetite and prompted you to give it that extra funding?

Economy and Fair Work Committee

Budget 2023-24

Meeting date: 18 January 2023

Graham Simpson

You have decided to give the bank a real-terms increase. What are you expecting in return for that?

Economy and Fair Work Committee

Budget 2023-24

Meeting date: 18 January 2023

Graham Simpson

Can you or your officials tell us how investments are monitored? I have looked at one company that the bank has invested in, called TravelNest. It was awarded £5.5 million last year. The company helps property owners to advertise their holiday rentals on sites such as Airbnb.com, Booking.com and others. It struck me that such companies might be able to fund that themselves. I looked TravelNest up on the Companies House website: it appears to have an address in London rather than in Scotland. How is that monitored?

Meeting of the Parliament

Caledonian Sleeper Service

Meeting date: 12 January 2023

Graham Simpson

Does Mark Ruskell not accept that the sleeper service is, in fact, incredibly popular and that the trains often run full?