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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 4 May 2021
  6. Current session: 13 May 2021 to 12 October 2025
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Displaying 3424 contributions

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Public Audit Committee [Draft]

Cairngorm Funicular Railway

Meeting date: 17 September 2025

Richard Leonard

Thank you very much indeed. Before we begin our questions, could you summarise when the funicular has been open since the time that it was closed in September 2018 for safety reasons?

Public Audit Committee [Draft]

Cairngorm Funicular Railway

Meeting date: 17 September 2025

Richard Leonard

I do not know whether one of the other witnesses wants to come in.

Public Audit Committee [Draft]

Cairngorm Funicular Railway

Meeting date: 17 September 2025

Richard Leonard

Again, just for the avoidance of doubt, this is public money that is being applied.

Public Audit Committee [Draft]

“Flooding in communities: Moving towards flood resilience”

Meeting date: 17 September 2025

Richard Leonard

Thank you. We have exhausted our questions, and we are up against the clock, so I want to draw this morning’s proceedings to a close. In so doing, I thank Fiona Brannigan, Rebecca Seidel, Andrew Burns and the Auditor General for their evidence this morning and for fielding our questions.

In accordance with our earlier decision, we now move into private session.

12:34 Meeting continued in private until 12:50.  

Public Audit Committee [Draft]

“Scottish National Investment Bank”

Meeting date: 10 September 2025

Richard Leonard

Our main agenda item is further consideration of the Auditor General for Scotland’s report on the Scottish National Investment Bank, which came out earlier this year. We have previously taken evidence from representatives of the bank and, before that, we took evidence from the Auditor General and his team. This morning, we are joined by Scottish Government representatives to give us their views on the report and to answer our questions. I am pleased to welcome to the committee Gregor Irwin, who is the director general for economy. Alongside Mr Irwin is Richard Rollison, who is the director for international trade and investment. We are also joined by Andy Hogg, who is the deputy director for investment and financial services.

As I said, we have a number of questions to put to you, director general, but, before we get to those, I invite you to give us a short opening statement.

Public Audit Committee [Draft]

“Scottish National Investment Bank”

Meeting date: 10 September 2025

Richard Leonard

Thank you very much indeed. I take it that you accept in full each of the report’s recommendations.

Public Audit Committee [Draft]

“Scottish National Investment Bank”

Meeting date: 10 September 2025

Richard Leonard

Mr Hogg, do you want to give us more information about the workings of the business investment group?

Public Audit Committee [Draft]

“Scottish National Investment Bank”

Meeting date: 10 September 2025

Richard Leonard

Okay, but we, as a committee, have been interested in the balance between those bigger transnational corporation investments and investments in small and medium-sized enterprises. The figure quoted in the report, which was supplied to the Auditor General by the bank, is that 92.3 per cent of all investments have been made in SMEs; however, that does not sound right, because we know about the Gresham House Forestry Fund, Quantum at Ardersier and so on. The figure for investment that we have arrived at is nearer to a 60:40 balance between SMEs and non-SMEs. I do not know whether you can verify that.

Public Audit Committee [Draft]

“Scottish National Investment Bank”

Meeting date: 10 September 2025

Richard Leonard

Well, is it a yes or a no—what is the Scottish Government’s position?

Public Audit Committee [Draft]

“Scottish National Investment Bank”

Meeting date: 10 September 2025

Richard Leonard

Okay—I understand that you may need to leave us now.

On that last point, Mr Denholm announced on 10 April that he was planning to step down, and today is 10 September, which is five months later. What stage is the bank at in the recruitment of his replacement?