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 7196 contributions
Net Zero, Energy and Transport Committee
Meeting date: 31 October 2023
Edward Mountain
That is the income. If I gave a bank £460 million with a base rate of 5 per cent, what would my return be? It would be more than £10 million, surely.
Net Zero, Energy and Transport Committee
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
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
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
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
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
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
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
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
Meeting date: 31 October 2023
Edward Mountain
Okay, I understand that. There are companies and banks out there that want to join you.