The Official Report is a written record of public meetings of the Parliament and committees.
The Official Report search offers lots of different ways to find the information you’re looking for. The search is used as a professional tool by researchers and third-party organisations. It is also used by members of the public who may have less parliamentary awareness. This means it needs to provide the ability to run complex searches, and the ability to browse reports or perform a simple keyword search.
The web version of the Official Report has three different views:
Depending on the kind of search you want to do, one of these views will be the best option. The default view is to show the report for each meeting of Parliament or a committee. For a simple keyword search, the results will be shown by item of business.
When you choose to search by a particular MSP, the results returned will show each spoken contribution in Parliament or a committee, ordered by date with the most recent contributions first. This will usually return a lot of results, but you can refine your search by keyword, date and/or by meeting (committee or Chamber business).
We’ve chosen to display the entirety of each MSP’s contribution in the search results. This is intended to reduce the number of times that users need to click into an actual report to get the information that they’re looking for, but in some cases it can lead to very short contributions (“Yes.”) or very long ones (Ministerial statements, for example.) We’ll keep this under review and get feedback from users on whether this approach best meets their needs.
There are two types of keyword search:
If you select an MSP’s name from the dropdown menu, and add a phrase in quotation marks to the keyword field, then the search will return only examples of when the MSP said those exact words. You can further refine this search by adding a date range or selecting a particular committee or Meeting of the Parliament.
It’s also possible to run basic Boolean searches. For example:
There are two ways of searching by date.
You can either use the Start date and End date options to run a search across a particular date range. For example, you may know that a particular subject was discussed at some point in the last few weeks and choose a date range to reflect that.
Alternatively, you can use one of the pre-defined date ranges under “Select a time period”. These are:
If you search by an individual session, the list of MSPs and committees will automatically update to show only the MSPs and committees which were current during that session. For example, if you select Session 1 you will be show a list of MSPs and committees from Session 1.
If you add a custom date range which crosses more than one session of Parliament, the lists of MSPs and committees will update to show the information that was current at that time.
All Official Reports of meetings in the Debating Chamber of the Scottish Parliament.
All Official Reports of public meetings of committees.
Displaying 3424 contributions
Public Audit Committee [Draft]
Meeting date: 25 June 2025
Richard Leonard
I am not really questioning whether it is legal; I am questioning the ethics of it.
I will move on. The other thing that has happened, subsequent to your decision to invest in it, is that the Gresham House Forestry Fund has been taken over by a New York-based private equity fund. You mentioned the covenants that you take out with investees to ensure that they retain their headquarters here. Gresham House was never headquartered here. It was previously headquartered in London, and it is now headquartered in New York. Ardersier port, which is another one of your maximum investments, is owned by an organisation that is headquartered in Houston, Texas. Are those matters any consideration of yours at all?
Public Audit Committee [Draft]
Meeting date: 25 June 2025
Richard Leonard
Jamie Greene has a question about Circularity Scotland before we move on.
Public Audit Committee [Draft]
Meeting date: 25 June 2025
Richard Leonard
Okay, but is it appropriate—perhaps this is for you, Mr Watt—that public money is being invested in a venture that involves a partner whose principal purpose is to show people ways that they can avoid inheritance tax, corporation tax and capital gains tax and avoid paying into the public purse? Is there not any ethical consideration around such a decision?
Public Audit Committee [Draft]
Meeting date: 25 June 2025
Richard Leonard
During the course of this morning’s meeting, we will probe those areas a little bit more. The environment in which you operate is one of the issues that is highlighted in the Audit Scotland report; it is certainly something that members of the committee want to ask the two of you about.
I invite Graham Simpson to open this morning’s questioning.
Public Audit Committee [Draft]
Meeting date: 25 June 2025
Richard Leonard
Funnily enough, the deputy convener has some questions in this area, too, as well as some others. Over to you, Jamie.
Public Audit Committee [Draft]
Meeting date: 25 June 2025
Richard Leonard
That is fine. If you have the opportunity to put something in writing to reflect any research that you have done in that area, that would be helpful for the committee.
Public Audit Committee [Draft]
Meeting date: 25 June 2025
Richard Leonard
I will turn to the other end of the scale and ask about one of your below-threshold investments, which was in a construction company that is building houses in Shetland for key workers, to try to address the housing shortage. The report about that enterprise mentions that it is in the process of converting to be—it may already now be—employee owned. On the point about ownership structure, what the company looks like, its governance and so on, was that a positive additional reason for making the investment?
Public Audit Committee [Draft]
Meeting date: 25 June 2025
Richard Leonard
Is it fair for me to take from those answers that the employee ownership element did not play much of a part in the decision to invest?
Public Audit Committee [Draft]
Meeting date: 25 June 2025
Richard Leonard
Excellent. That is a very positive point.
I have one other question, and a couple of other members have quick final questions. My question goes back to the Audit Scotland report and its recommendation—which Mr Watt referred to at the very beginning of the meeting—that the bank should
“set out more clearly how it reaches specific investment decisions and the factors that have influenced its choice of investment.”
You have rehearsed that issue extensively during the course of this morning, not least in the answer that you have just given. How do you plan to go about doing that? How do you plan to be a bit more transparent than you have been?
Public Audit Committee [Draft]
Meeting date: 25 June 2025
Richard Leonard
That is great. Graham Simpson has a quick final question.