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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 September 2025
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Displaying 1103 contributions

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Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Colin Smyth

I have a final question. You obviously find yourselves somewhat in limbo. Earlier, it was mentioned that the loans have not been paid back, and the Government, or the auditors, have revalued them at just £11 million. You are not making any payments towards the loans. You have talked about investment so far. I presume that you are not in a position to make the level of investment in the airport that is needed unless you either get money from the Government or you have a new owner who will make that investment.

There must be a lot of outstanding investment. Audit Scotland, for example, said recently that millions more will be needed to sustain the airport in its current model. This limbo position cannot go on. Either we take a decision that says that the airport is publicly owned with the support of the Government, or we need a sale.

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Colin Smyth

To return to the point, what is the long-term blockage? You do not have a queue of people at the door wanting to buy the airport. You have said very positive things about the company making a profit, so why is there no queue at your door to buy it? What is the blockage? Is it the criteria? What are the reasons why you have not accepted any bids so far?

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Colin Smyth

So, is the investment that is required conditional on the sale of the airport?

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Colin Smyth

We find ourselves in limbo at the moment. On the one hand, you want to return the airport to the private sector; on the other hand, the private sector does not seem to want it. What are the implications of that limbo?

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Colin Smyth

I am sure that you accept that the company is, in effect, in limbo, as the Government is not the long-term owner. The Government wants to sell the airport—it is up for sale at the moment. The current management team is not in a position to make long-term investments that could significantly change a lot in the airport. You are looking to sell the airport to a new owner, and the current management team is running on the basis that the airport is up for sale. Long-term decisions about significant investment will not be made by such a company.

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Colin Smyth

Good morning, gentlemen. I will follow up on the issue of the wind farm developments. I appreciate that you disagree with the reporter’s comments on the case of the wind farm near Sanquhar. I presume that that has an impact on your future business. You must be building into your future assumptions about income streams from developments the fact that wind farm companies will follow what the reporter said in his comments and that those future agreements will be worth less than the ones that you have secured so far. Has that been built into your future planning? What impact is that likely to have on your income?

Economy and Fair Work Committee

Glasgow Prestwick Airport

Meeting date: 6 December 2023

Colin Smyth

There is another implication of this limbo position. Audit Scotland has said that millions of pounds more are needed to sustain the current model at Prestwick, but the Government has not put investment in it since 2019. Clearly, to secure the long-term future of the airport, it needs investment. Where will that investment come from if not from the Government?

Economy and Fair Work Committee

Bankruptcy and Diligence (Scotland) Bill: Stage 1

Meeting date: 29 November 2023

Colin Smyth

What I am getting at, whatever you decide, is whether the timing of your consultation and of the parliamentary process for publishing the regulations before stage 3 will give you sufficient time, should you want to change the compulsory treatment criterion. Or will you bring in that criterion and then, a few months later, decide that you are going to change it based on the consultation?

Economy and Fair Work Committee

Bankruptcy and Diligence (Scotland) Bill: Stage 1

Meeting date: 29 November 2023

Colin Smyth

I am still not quite clear about the timescale. Are you saying that you might receive a response to the consultation that might or might not change your current thinking on the criteria in the regulations that you publish?

Economy and Fair Work Committee

Just Transition (North-east and Moray)

Meeting date: 29 November 2023

Colin Smyth

You listed just some of the many strategies that we have. There are lots of strategies out there. I am not going to ask whether a strategy is missing, but does the gap lie in the physical delivery to meet the definition? Is the implementation not there? Is that what you are suggesting?