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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 1 May 2025
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Displaying 707 contributions

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Economy and Fair Work Committee

Pre-budget Scrutiny 2025-26

Meeting date: 25 September 2024

Gordon MacDonald

I will ask a similar question of Al Denholm. You said earlier that your investment income exceeded operational expenses by roughly £3 million. You had a big loss from Circularity Scotland, however, and we know the reasons for that. How would you be able to cope with losses such as that in the future and has your risk appetite changed in any way?

Economy and Fair Work Committee

Pre-budget Scrutiny 2025-26

Meeting date: 25 September 2024

Gordon MacDonald

Al Denholm, you have spoken a lot about many of the projects being multiyear. If you are to honour the commitments that you have given to those companies for their investment profile, what impact will that have on new projects and on the leverage that you have to get private capital to invest in a project?

Economy and Fair Work Committee

Pre-budget Scrutiny 2025-26

Meeting date: 25 September 2024

Gordon MacDonald

Before I ask my questions, I thank the Scottish National Investment Bank for the investment in Lost Shore, Scotland’s only surf resort, which will open in my constituency in a few weeks, I hope—not that I will be on the water. [Laughter.]

I want to ask about financial transactions funding. The Scottish Government’s overall financial transaction funding has been cut by 62 per cent, or around £350 million, compared to 2002-23. We know that the Scottish Government has virtually no borrowing powers, so it is in a bit of a straitjacket. We have seen financial transactions funding being cut year on year to its current low level. If it continues to be cut, what impact will that have on your organisations?

Economy and Fair Work Committee

Pre-budget Scrutiny 2025-26

Meeting date: 25 September 2024

Gordon MacDonald

Adrian, you mentioned that the cuts change your attitude towards investment and so on. What is the change in your appetite to risk? If your budget continues to be cut, because of cuts in financial transactions funding, what impact will that have in relation to losses, since there will be the occasional loss from investment from time to time? Do the cuts affect your attitude to risk and does your knowing that your budget is being cut mean that you then have to reassess a lot of potential investments?

Economy and Fair Work Committee

Pre-budget Scrutiny 2025-26

Meeting date: 25 September 2024

Gordon MacDonald

Thanks very much.

Economy and Fair Work Committee

Just Transition

Meeting date: 18 September 2024

Gordon MacDonald

Professor Bell, I would like a bit of clarification on something that you said earlier. You said that, if we get the market design right, we should see lower electricity bills, but electricity is traded on the wholesale market. If you look a year ahead, you see that prices are 5 per cent higher than they currently are, and the UK Government has guaranteed Hinkley Point a price of £92.50 per megawatt hour, which is 12 per cent higher than the current spot price in the wholesale market. What do we need to do to change the market design, and how do we go about it to get lower bills?

10:00  

Economy and Fair Work Committee

Pre-budget Scrutiny 2025-26

Meeting date: 11 September 2024

Gordon MacDonald

There is no doubt that it is important to encourage people to come to the country in the first place but, in your strategic pillars, you say that you want to encourage people to

“spend more time and money across Scotland”.

You also say that you have to manage overdemand, make sure that visitors are safe and manage those visitors. However, you have lost all local knowledge. You have no local presence.

Economy and Fair Work Committee

Pre-budget Scrutiny 2025-26

Meeting date: 11 September 2024

Gordon MacDonald

How do you spend your marketing budget?

Economy and Fair Work Committee

Pre-budget Scrutiny 2025-26

Meeting date: 11 September 2024

Gordon MacDonald

I have one last question, which is to do with the quality assurance scheme that you have had for businesses. If my understanding is correct, that is coming to an end. Many visitors will be looking at bed and breakfast accommodation, hotels or decent restaurants, but if you guys are removing your quality assurance programme, how will they get independent advice on where to go and, more important, where not to go?

Economy and Fair Work Committee

Pre-budget Scrutiny 2025-26

Meeting date: 11 September 2024

Gordon MacDonald

Good morning. The enterprise agencies can relax, as all my questions are for VisitScotland. [Laughter.] I wanted to reassure you, Ms Miller, in case you were worried about not getting any questions.

Obviously, VisitScotland is going through a period of strategic change, and there has been a change of focus to the provision of pre-travel information and so on. You have talked about the pressure on your budget at the moment. I note that, in 2017, the number of visitor centres was reduced from 65 to 25. At the time, those centres were described as “high-impact regional hubs”, but they are now closing and, by January 2026, there will be zero information centres. What impact will that have on your budget in terms of loss of retail sales, leases that you will have to give up, staff costs and the possible sale of some of your property?