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 1662 contributions
Economy and Fair Work Committee
Meeting date: 17 September 2025
Daniel Johnson
What proportion of that £70-something million goes in direct awards in terms of grants, loans and investment?
Economy and Fair Work Committee
Meeting date: 17 September 2025
Daniel Johnson
Good morning, and welcome to the 25th meeting in 2025 of the Economy and Fair Work Committee. Do committee members agree to take in private, under agenda item 3 of this meeting and in future meetings, discussion of our pre-budget evidence?
Members indicated agreement.
Economy and Fair Work Committee
Meeting date: 17 September 2025
Daniel Johnson
Those are all indirect outcomes and benefits. Do you have a clear analysis of direct benefits—in other words, projects that Scottish Enterprise wholly or partly funded and the results that they achieved? Are those benefits reported in your annual report? I struggled to identify them.
Economy and Fair Work Committee
Meeting date: 17 September 2025
Daniel Johnson
Do you set an explicit target for those metrics?
Economy and Fair Work Committee
Meeting date: 17 September 2025
Daniel Johnson
As long as it is quick, Stephen.
Economy and Fair Work Committee
Meeting date: 17 September 2025
Daniel Johnson
I think that we could do a whole inquiry on that. We better stop there.
Economy and Fair Work Committee
Meeting date: 17 September 2025
Daniel Johnson
I think that that is the first time that the Sex Pistols have been heard at committee. [Laughter.]
Economy and Fair Work Committee
Meeting date: 17 September 2025
Daniel Johnson
I want to ask a brief supplementary about write-offs. Typically, early-stage investors will have a rule of thumb that they follow—a hit rate of, say, one in 10 or something like that. Do you have a benchmark that you use for your success rate with early-stage investments and, conversely, your write-offs? Is the level of write-off in line with that target? As you say, in some ways, too few write-offs might mean that you are not taking enough risk.
Economy and Fair Work Committee
Meeting date: 17 September 2025
Daniel Johnson
That would be very helpful. Thank you. I will bring in Gordon MacDonald.
Economy and Fair Work Committee
Meeting date: 17 September 2025
Daniel Johnson
On page 15 of your annual report, you state that the average increase in turnover from the grant awards that you make is £1.5 million and the average increase in profitability is £521,000. How do you prove that that would not have happened without your support and intervention?