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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 5 May 2021
  6. Current session: 12 May 2021 to 20 May 2025
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Displaying 4955 contributions

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Net Zero, Energy and Transport Committee

Circular Economy (Scotland) Bill: Stage 1

Meeting date: 31 October 2023

Edward Mountain

We are almost out of time. I have a question about something that Douglas Lumsden asked about. You say that you hope to get back £1 million, which is quite a high rate for an investment of £9 million, when there are liquidated assets. There are not many assets in that. Are you really comfortable that you will get back £1 million?

Net Zero, Energy and Transport Committee

Scottish Water Annual Report and Accounts 2022-23

Meeting date: 31 October 2023

Edward Mountain

Jim Fairlie wanted to come in on that, and then I have a brief question.

Net Zero, Energy and Transport Committee

Circular Economy (Scotland) Bill: Stage 1

Meeting date: 31 October 2023

Edward Mountain

But you will never be below the bank base rate, will you?

Net Zero, Energy and Transport Committee

Circular Economy (Scotland) Bill: Stage 1

Meeting date: 31 October 2023

Edward Mountain

Thank you. You have quite a few questions coming your way. The first questions come from Monica Lennon.

Net Zero, Energy and Transport Committee

Circular Economy (Scotland) Bill: Stage 1

Meeting date: 31 October 2023

Edward Mountain

I understand that. Some people who came in two years ago when the rate was 1 per cent or thereby will have got a very good deal, especially if they went for a 30-year transaction. In hindsight, that probably does not look that good in today’s market in order for the bank to have the capital to invest in other projects. How do you balance those aspects?

Net Zero, Energy and Transport Committee

Circular Economy (Scotland) Bill: Stage 1

Meeting date: 31 October 2023

Edward Mountain

I understand. What is the average time that you would aim to invest in a project for?

Net Zero, Energy and Transport Committee

Circular Economy (Scotland) Bill: Stage 1

Meeting date: 31 October 2023

Edward Mountain

In your 2022 report, you mentioned “enablers”—people who will increase investment. Who or what are the enablers? Can you give us a bit more information on them?

Net Zero, Energy and Transport Committee

Circular Economy (Scotland) Bill: Stage 1

Meeting date: 31 October 2023

Edward Mountain

The report highlights the importance of “enablers” in facilitating the growth of impact investment. Who or what are those enablers?

Net Zero, Energy and Transport Committee

Circular Economy (Scotland) Bill: Stage 1

Meeting date: 31 October 2023

Edward Mountain

Okay, I understand that. There are companies and banks out there that want to join you.

Net Zero, Energy and Transport Committee

Subordinate Legislation

Meeting date: 31 October 2023

Edward Mountain

So it was just a paper exercise. Are you saying that there was no trading as a result or that there was no financial benefit from somebody having an overallocation?