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 1661 contributions
Finance and Public Administration Committee [Draft]
Meeting date: 6 January 2026
Ivan McKee
The first point to note is that LBTT happens only when somebody moves into the area, so if the counterfactual is that the transaction did not happen, you are not losing any money.
The second point is—
Finance and Public Administration Committee [Draft]
Meeting date: 6 January 2026
Ivan McKee
It is not part of my portfolio, but I can come back to you on that matter—unless officials have anything specific to say on the numbers. There are certainly numbers for the matched investment that is estimated or forecast to come in, which is somewhere north of £300 million. Liam Farrow might want to comment on your point.
Finance and Public Administration Committee [Draft]
Meeting date: 6 January 2026
Ivan McKee
It is important that there is a process and that the process is robust. As officials have said, the criteria for the process are available online. There is an issue in that this is a zero-sum game and only two investment zones were on offer from the UK Government. Two areas had to be selected for that process, and criteria were used on that basis. At the end of the day, whichever areas were chosen through that process, other areas would have made the case that they were hard done by, as was the case with the green port selection process. However, the reality is that there were only two areas to be allocated, and a rigorous process was undertaken to select those two.
Finance and Public Administration Committee [Draft]
Meeting date: 6 January 2026
Ivan McKee
I suggest that we have done as much as we can on the fair work criteria, given that we do not have control over employment law, which means that there are legal restrictions on what we can do. You will be very aware that, for the work that we did on green ports, we engaged in the process only when there was a commitment from the UK Government and all parties that they would comply with the fair work agenda. The agenda has been signed up to by the green ports, which are taking that forward with the businesses that are seeking to base themselves in those locations. One of the criteria that they will use to assess businesses is compliance with the fair work agenda.
The same process will be followed in this case: a code of conduct has been written by both the regional economic partnerships, which will be used to assess bids and determine their eligibility and compliance with the criteria so that those businesses can receive the benefits. There are restrictions on what we can do, certainly with fair work, because we do not have control of employment law. We are using other measures to try to circumvent those restrictions so that we can influence business behaviour. We take that very seriously and I believe that we have done everything that we can to ensure that those criteria are in place.
Finance and Public Administration Committee [Draft]
Meeting date: 6 January 2026
Ivan McKee
Yes.
Finance and Public Administration Committee [Draft]
Meeting date: 6 January 2026
Ivan McKee
If it is done in a targeted and specific way for a specific purpose, yes, of course.
Finance and Public Administration Committee [Draft]
Meeting date: 6 January 2026
Ivan McKee
No, thanks.
Finance and Public Administration Committee [Draft]
Meeting date: 6 January 2026
Ivan McKee
I would need to go and check the details on the specifics of that but there was quite an involved process to be gone through.
Finance and Public Administration Committee [Draft]
Meeting date: 6 January 2026
Ivan McKee
As I said, anyone who is taking advantage of the incentives has to comply with all legal requirements. If you want me to follow up on anything more specific, I am happy to do so if you write to me, but that is the situation.
Finance and Public Administration Committee [Draft]
Meeting date: 6 January 2026
Ivan McKee
Yes. However, looking at the context, the work in relation to investment zones and green ports has largely been focused on the attraction of international investment for cluster developments.
The package of £320 million from the UK Government includes money to cover the foregone loss of the cost for LBTT—that money is covered by the UK Government in any event. For the Scottish Government, it is all upside, because it is about the other revenue that you get from income tax or other taxes over time from the economic activity and its multiplier effects. There is no loss to the Scottish Government per se in that regard.