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 869 contributions
Economy and Fair Work Committee
Meeting date: 24 September 2025
Gordon MacDonald
My last point is about leverage. You referred to the £800 million that you have invested to date, and you got about £1.4 billion back from private capital—that is a leverage ratio between 1.6 and 1.8. How does that compare with other organisations in a similar space?
Economy and Fair Work Committee
Meeting date: 24 September 2025
Gordon MacDonald
Is that because you are a new bank and there is risk? I asked a question earlier about your risk assessments.
Economy and Fair Work Committee
Meeting date: 17 September 2025
Gordon MacDonald
It is a small proportion of the total. Okay, that is fine.
You mentioned that this is the first full year of your mission-driven approach to investment. There are a number of targets in your operating plan. How did you perform against those targets? You mentioned that exports are at a record level. Are there any other areas that stand out?
Economy and Fair Work Committee
Meeting date: 17 September 2025
Gordon MacDonald
My final question relates to a footnote in the annual report about the number of patents and intellectual property applications that you have supported. The number was over 200, which is an increase of 5 per cent. How do you assist in that area? Obviously, we want Scotland to be the centre of innovation, and central to that is the number of patents and rights to IP that we hold.
Economy and Fair Work Committee
Meeting date: 17 September 2025
Gordon MacDonald
Thanks very much.
Economy and Fair Work Committee
Meeting date: 17 September 2025
Gordon MacDonald
The point that I am trying to get at is that you have hit 18 out of your 20 targets. There is a lot of good achievement in HIE’s results—no doubt about it—but, to an extent, the data on your targets undermine the story that you are trying to tell, because they make it look as though the targets were set at a very easy level.
Economy and Fair Work Committee
Meeting date: 17 September 2025
Gordon MacDonald
On the number of clients that have increased their digital capabilities, you achieved 32 in the previous financial year. Your target was 28, which seems reasonable, but you actually hit 210. Again, what happened?
Economy and Fair Work Committee
Meeting date: 17 September 2025
Gordon MacDonald
One of the other points that you raised was about your declining resource. However, your annual report shows that your total income was £294 million and your total expenditure was £288 million. You have generated a surplus of £6 million. Why did you not use more of that surplus to invest in and support companies?
10:30Economy and Fair Work Committee
Meeting date: 17 September 2025
Gordon MacDonald
Good morning. On the write-offs, for clarification, how many companies were involved in that £31.5 million write-off? What proportion is that of the total number of companies that you are investing in?
Economy and Fair Work Committee
Meeting date: 17 September 2025
Gordon MacDonald
I have a couple of questions for SOSE. First, on the number of jobs supported, last year you had 1,706 as your outturn for 2023-24, your target was 1,290, but you only actually achieved 377. What happened?