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 3034 contributions
Economy and Fair Work Committee
Meeting date: 16 March 2022
Colin Beattie
I have one last question, which is about the performance of the investments. As I said at the start, it is fairly early days for the measurement of that, but do you feel that any of those investments are not performing? How are you measuring success? Is it by profitability, jobs or turnover?
Economy and Fair Work Committee
Meeting date: 16 March 2022
Colin Beattie
I have a slightly different question. In the past day or so, I saw a figure that showed unemployment in Scotland at 3.8 per cent. I seem to remember an economist saying that, when we get to 3 per cent, we are effectively at full employment. We have significant labour shortages in certain areas, but the strategy sets out our ambition for new start-ups, expansion of information technology capabilities and an increase in exports, all of which need labour. To what extent will our inability to control our borders with our own immigration policies impact on us? Where will we find the labour that we need in order to carry out all those new strategies?
Economy and Fair Work Committee
Meeting date: 16 March 2022
Colin Beattie
Arising from that, I suppose that there is a certain interest in what the cost of the recruitment will be.
Economy and Fair Work Committee
Meeting date: 16 March 2022
Colin Beattie
Ah—both the Colins are handsome people.
Cabinet secretary, there has been some criticism that the strategy does not quantify the benefits that each project is expected to deliver or how it will directly link into the higher-level ambitions and the vision for the Scottish economy in 2032. How far will the delivery plans, which will be finalised in six months, go to flesh out the strategy?
Economy and Fair Work Committee
Meeting date: 16 March 2022
Colin Beattie
Are you confident that you will have a new chief executive in place at the start of the financial year?
Economy and Fair Work Committee
Meeting date: 16 March 2022
Colin Beattie
You highlighted a number of areas where there are constraints on what we can do, because of matters being reserved. Given our ambitions, is there any prospect that there are areas where the UK Government might support those ambitions and the vision that we have in Scotland?
Economy and Fair Work Committee
Meeting date: 16 March 2022
Colin Beattie
I will not ask you to comment on individual projects or investments, but from the figures that I have, I cannot work out how much of the investments are equity investments in the business and how much is a loan. Of course, the intention always was that the bank would provide patient capital.
Economy and Fair Work Committee
Meeting date: 16 March 2022
Colin Beattie
Moving on to something that is a little less sensitive, I realise that these are early days yet for judging the success or failure of the investments, but I am going to ask you just the same. You indicated that you have £191 million invested in 13 projects or companies. How were those opportunities identified, and what selection criteria were used in the decision to invest?
Economy and Fair Work Committee
Meeting date: 16 March 2022
Colin Beattie
As a matter of interest, will the recruitment process include the use of headhunters?
Public Audit Committee
Meeting date: 10 March 2022
Colin Beattie
If the Auditor General was able to ascertain that
“the Scottish Government lacked clear oversight of progress”,
why that happened must be evident and identifiable.