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All Official Reports of meetings in the Debating Chamber of the Scottish Parliament.
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Displaying 3032 contributions
Public Audit Committee
Meeting date: 17 September 2025
Colin Beattie
Paragraph 31 on page 19 says:
“There are ambiguities, complexity and gaps in roles and responsibilities”.
That is a fairly sweeping statement. Can you give us more detail on the impact on communities of those ambiguities and gaps?
Public Audit Committee
Meeting date: 17 September 2025
Colin Beattie
I will move on—I was going to say move on to something new, but it is not new. Paragraph 35 on page 21 talks about the absence of a
“consistent, comprehensive national monitoring system”
and a lack of data and information. We have been talking about that for years, and it has not really been resolved.
Can you tell us a bit more about the data gaps in flood resilience? What, in your view, needs to be changed?
Public Audit Committee
Meeting date: 17 September 2025
Colin Beattie
Moving on slightly, what has been done to ensure that public bodies such as SEPA have enough capacity and resources to effectively provide the services and so on to help people who are responding to flood issues?
Public Audit Committee
Meeting date: 10 September 2025
Colin Beattie
First, I want to pick up on one of your responses to the convener’s questions. You talked about SNIB having the responsibility—or task—of bringing in private capital to be used alongside public capital. By the bank’s very nature, that capital will go into higher-risk investments, and it must be a bit of a task to bring in private investors when your focus is at least partly on encouraging and bringing through high-risk companies. That will be reflected either in pricing to match the risk or an inability to get private investors to come in. How do you see that being managed?
Public Audit Committee
Meeting date: 10 September 2025
Colin Beattie
But you are not giving any guarantees.
Public Audit Committee
Meeting date: 10 September 2025
Colin Beattie
That is true up to a point. My experience in the industry is that it often does not work like that. People are encouraged to invest if the Government or other institutions are putting in money, but, at the end of the day, they have to look at the project and, if it is high risk, it remains as such, even if others are prepared to risk their capital—
Public Audit Committee
Meeting date: 10 September 2025
Colin Beattie
—so expectations should not be too high in relation to the private income.
Public Audit Committee
Meeting date: 10 September 2025
Colin Beattie
There are two points on that. First, financial transactions do not affect at all the £25 million fixed flexibility. Secondly, repayments from lending that has been backed by financial transactions do not have to go back to the Scottish Government right away; they are part of the—
Public Audit Committee
Meeting date: 10 September 2025
Colin Beattie
How often?
Public Audit Committee
Meeting date: 10 September 2025
Colin Beattie
At the moment, do you have something in your management of the risks in relation to that? You must have a view.