Skip to main content
Loading…

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.  

Filter your results Hide all filters

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 13 September 2025
Select which types of business to include


Select level of detail in results

Displaying 1532 contributions

|

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

Josh is smiling, so we will come to Josh and then come back to you, Naomi.

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

Take your time. We can always come back to you in a second if you want.

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

I just wonder whether we are getting the balance right—

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

Do you think there should be a reference to carbon in the bill?

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

Okay, but do you agree that it is important for the committee and Parliament to have a good idea of how many jobs are involved? We have heard that Gresham House is an investment fund for high-net-worth individuals, and that it is supported by public subsidies—£50 million from the Scottish National Investment Bank, I think. That is a lot of public money. Of course, there are also various tax reliefs.

The committee and Parliament are concerned about the progress that we need to make on the just transition: we need to pick up the pace. What is happening to people’s jobs is at the heart of that. You said that it is hard to verify the figure of 200 jobs, so can you go away and look at that and get back to the committee? Does the SNIB not ask you to give figures on jobs?

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

That is fine.

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

I am eager to oblige, convener. I have a brief question for Olly Hughes. What percentage of tree planting that is carried out by the Gresham House fund in Scotland is native species?

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

On community wealth building and the just transition, I am interested to hear from each of our witnesses about the extent to which the market is delivering multiple benefits in terms of communities, nature restoration and making Scotland more resilient to climate change.

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

Mr Hughes, in response to Mark Ruskell’s questions, you talked about the Gresham House fund making “good strides”. You also mentioned job creation. How many jobs have been created in rural Scotland as a result of Gresham House funds’ forestry activities in Scotland?

Net Zero, Energy and Transport Committee

Natural Capital Finance

Meeting date: 26 March 2024

Monica Lennon

Thank you. The committee would welcome more information on that.

I will go back to my earlier question about native tree planting. I think that the figure that you gave for native broadleaf was 20 per cent. I have dug out some correspondence that the bank gave to the committee previously. It expected that 46 per cent of the planting would be native broadleaf, which would exclude the open-ground figure of 20 per cent that you gave. Are you on track to meet that expectation? I am not sure whether that is a target or an expectation, but is that going as well as it should be going?

10:00