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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 16 September 2025
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Displaying 2241 contributions

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Public Audit Committee [Draft]

“The 2022/23 audit of Lews Castle College”

Meeting date: 3 September 2025

Graham Simpson

There are two different things going on here. There is the money that a building can generate and the actual value of the building, and they are two separate things.

You mentioned getting in a professional valuer to give a figure for the building. Is the solution not just to bring in a valuer, get them to value the building, then agree on a figure?

Public Audit Committee [Draft]

“The 2022/23 audit of Lews Castle College”

Meeting date: 3 September 2025

Graham Simpson

Has that been suggested to the college?

Public Audit Committee [Draft]

“The 2022/23 audit of Lews Castle College”

Meeting date: 3 September 2025

Graham Simpson

I think that we can see a solution here. If the college is sensible, we can resolve this. I will leave it there, convener.

Public Audit Committee [Draft]

“The 2022/23 audit of Lews Castle College”

Meeting date: 3 September 2025

Graham Simpson

What assets are we talking about? There is a building, is there not?

Public Audit Committee [Draft]

“The 2022/23 audit of Lews Castle College”

Meeting date: 3 September 2025

Graham Simpson

I have to say that I struggle to see how you could possibly say that a building of that nature was worth £1. What is the evidence that brings the auditors to the conclusion that the share is £4.7 million?

Public Audit Committee [Draft]

“Scottish National Investment Bank”

Meeting date: 25 June 2025

Graham Simpson

My question relates to third-party capital, which you discussed with Colin Beattie, and how to attract it. Do you see the bank becoming a fund manager that individuals and companies can invest in? There are a number of funds out there that invest in small companies in the UK. Do you see the bank being the kind of body that invests in small companies in Scotland that anyone could invest in?

Public Audit Committee [Draft]

“Scottish National Investment Bank”

Meeting date: 25 June 2025

Graham Simpson

What you do not want—we have seen this quite a lot in some sectors—is a company like that doing really well, then being bought over and moving somewhere else.

Public Audit Committee [Draft]

“Scottish National Investment Bank”

Meeting date: 25 June 2025

Graham Simpson

Yes, that is very helpful. You mentioned other development banks that have been around for longer. I would like to know what they actually achieve, as opposed to what their target rate of return is.

Public Audit Committee [Draft]

“Scottish National Investment Bank”

Meeting date: 25 June 2025

Graham Simpson

What would need to happen? Would there need to be legislation?

Public Audit Committee [Draft]

“Scottish National Investment Bank”

Meeting date: 25 June 2025

Graham Simpson

That is useful.

My final question is about the turnover of chief execs. Mr Denholm, you are hoping to retire at some point, and we are recruiting for somebody else. I think that you are the third chief executive, and there was an interim chief executive. That is quite a turnover in a short period. Does that concern you, Mr Watt?