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 2813 contributions
Public Audit Committee
Meeting date: 22 June 2023
Graham Simpson
The group wrote to the former education secretary about that, but you have not seen that.
Let us talk about this case. Do you think that, if procedures had been put in place, we could have avoided getting to the position that we are—
Economy and Fair Work Committee
Meeting date: 21 June 2023
Graham Simpson
I will follow up on that last question from Colin Smyth about the Gresham House forestry fund, because I looked at your website, which says that 60 per cent of the fund will be directed to Scotland. Where is the rest going?
Economy and Fair Work Committee
Meeting date: 21 June 2023
Graham Simpson
Okay. According to the statement on your website about mission impacts,
“Investment in Travelnest supports the Bank’s mission to invest in innovation and industries of the future and supports key elements of the Scottish Technology Ecosystem Review.”
That review was written by the Government’s chief entrepreneur, Mark Logan, who was a director of Travelnest. When Mr Logan appeared before this committee in January this year, I put it to him that there was a potential conflict of interests there, with money going to Travelnest while he was a director. He agreed and said that he had already resigned as a director although, according to Companies House, he resigned 15 days after that. However, he is no longer a director. Do you accept that there was a conflict of interests there?
Economy and Fair Work Committee
Meeting date: 21 June 2023
Graham Simpson
I will move on. I have just one more question. I know that you work with the UK Infrastructure Bank. Do you have a memorandum of understanding with it yet?
11:00Economy and Fair Work Committee
Meeting date: 21 June 2023
Graham Simpson
That could be quite a useful relationship.
Economy and Fair Work Committee
Meeting date: 21 June 2023
Graham Simpson
You say you did a thorough job, but if you had done a really thorough job, we would not be in this mess, would we? That is the reality. You should have foreseen the risks—[Laughter.]—ahead. You have described the Internal Market Act 2020—that is, having a scheme that works across the whole UK—as “a hurdle”. It is a pretty big hurdle and we have ended up with a company in administration. Is not it a fact that if you had done proper due diligence, you would not have gone ahead with the loan?
Economy and Fair Work Committee
Meeting date: 21 June 2023
Graham Simpson
That is the truth of the matter.
Economy and Fair Work Committee
Meeting date: 21 June 2023
Graham Simpson
The convener asked you about the independence of the bank. In terms of perception, it looks as though you did the Government’s bidding. It was a political project that was voted through by Parliament, so to get the scheme up and running was political. You have come in full square behind the Government and have put £9 million of taxpayers’ money in and have just admitted that we could lose all that. The perception is that you were doing the Government’s work for it.
Economy and Fair Work Committee
Meeting date: 21 June 2023
Graham Simpson
You could lose the whole £9 million, could you not?
Economy and Fair Work Committee
Meeting date: 21 June 2023
Graham Simpson
That is why I deliberately used the word “perception”—