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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 5 May 2021
  6. Current session: 12 May 2021 to 13 May 2025
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Displaying 764 contributions

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Economy and Fair Work Committee

“The economic contribution of the Pharmaceuticals Sector in Scotland”

Meeting date: 20 September 2023

Murdo Fraser

I will follow up on a couple of issues based on Gordon MacDonald’s line of questioning.

I would like to get something clear in my head. Adam McGeoch, your report says that

“Scotland lags behind other parts of the UK in generating life science spinouts”

but the number that Gordon MacDonald alluded to suggests that we perform well. Is that because the overall level of investment is lower?

Economy and Fair Work Committee

“The economic contribution of the Pharmaceuticals Sector in Scotland”

Meeting date: 20 September 2023

Murdo Fraser

Is it all right to call you Sir Mike?

Economy and Fair Work Committee

“The economic contribution of the Pharmaceuticals Sector in Scotland”

Meeting date: 20 September 2023

Murdo Fraser

You identified two key barriers, one of which was infrastructure while the second was access to venture capital.

I will take infrastructure first, by which I assume that you mean access to facilities, building space and so on. What do we have to do to fill that gap? What is the role of local authorities and of agencies such as Scottish Enterprise? What role might the public sector have in addressing those issues?

Economy and Fair Work Committee

“The economic contribution of the Pharmaceuticals Sector in Scotland”

Meeting date: 20 September 2023

Murdo Fraser

The second thing that you talked about was access to venture capital, which is a perennial issue. I remember sitting on the predecessor to this committee two decades ago. We were talking about that issue then and we are still talking about it. What role, if any, do you think the Scottish National Investment Bank has in attracting more venture capital into the sector?

Economy and Fair Work Committee

“The economic contribution of the Pharmaceuticals Sector in Scotland”

Meeting date: 20 September 2023

Murdo Fraser

Please do.

Economy and Fair Work Committee

Bankruptcy and Diligence (Scotland) Bill: Stage 1

Meeting date: 13 September 2023

Murdo Fraser

I would have to check what Money Advice Scotland has said. It just mentioned the relaxation of the 10-year period.

Economy and Fair Work Committee

Bankruptcy and Diligence (Scotland) Bill: Stage 1

Meeting date: 13 September 2023

Murdo Fraser

Bearing in mind that we are talking about minor adjustments, is there anything else with regard to bankruptcy reform that is not covered by the bill that it would be helpful for the bill to cover?

Economy and Fair Work Committee

Interests

Meeting date: 13 September 2023

Murdo Fraser

Thank you, convener.

There are three items in my entry in the register of members’ interests that might be relevant to the work of this committee. First, I am a member of the Law Society of Scotland, albeit that I do not currently hold a practising certificate. Secondly, I have an interest in two residential properties in Edinburgh that are let as long-term residential homes and from which I receive rental income. Thirdly, I receive occasional and usually very small amounts in royalties from a book that I wrote a number of years ago.

Economy and Fair Work Committee

Bankruptcy and Diligence (Scotland) Bill: Stage 1

Meeting date: 13 September 2023

Murdo Fraser

Good morning, panel. I will move the discussion on a little bit from the mental health moratorium to look at some broader issues that are also addressed in the bill. I will start with you, David Menzies, because you mentioned in passing the issue of allowing the trustee in bankruptcy to be discharged in circumstances where the debtor cannot be found or is unco-operative. Can you say a little more about that issue and why you think that that is an important reform?

Economy and Fair Work Committee

Bankruptcy and Diligence (Scotland) Bill: Stage 1

Meeting date: 13 September 2023

Murdo Fraser

Thanks—that is very helpful. I am seeing nods from the other witnesses—do you agree with that view? Everybody is nodding, so we will take that as a yes.

The second thing that I want to ask about is an issue that Money Advice Scotland raised in its written evidence. There is currently a rule that debtors can access a minimal asset process bankruptcy only once every 10 years. Money Advice Scotland has suggested that that rule should be relaxed. Does anybody have a view on that issue?