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 1468 contributions
Education, Children and Young People Committee [Draft]
Meeting date: 25 June 2025
Willie Rennie
But we cannot go back.
Education, Children and Young People Committee [Draft]
Meeting date: 25 June 2025
Willie Rennie
Dr McGeorge, did you want to come in?
Education, Children and Young People Committee [Draft]
Meeting date: 25 June 2025
Willie Rennie
Okay.
Education, Children and Young People Committee [Draft]
Meeting date: 25 June 2025
Willie Rennie
Dr McGeorge and Mr Fotheringham, my question is on the banking covenant and the arrangements around that. The Gillies report sets out that the Funding Council was not informed of the potential breach of the banking covenant as at 31 July 2023; the university finance and policy committee was not told of the actual breach on 10 October 2024; the audit and risk committee was not told on 22 October; and the Funding Council was not informed on 13 November. Is that your understanding of the banking covenant events?
Education, Children and Young People Committee [Draft]
Meeting date: 25 June 2025
Willie Rennie
The £100 million is a bit higher than—
Education, Children and Young People Committee [Draft]
Meeting date: 25 June 2025
Willie Rennie
So, you could not take on debt, but you were quite content—
Education, Children and Young People Committee [Draft]
Meeting date: 25 June 2025
Willie Rennie
We have heard that you were both unaware of your requirement to report to the SFC and that the cash reserves were allowed to be run down. We have also heard about the reporting mechanisms and that you were not providing various reports to the various committees at the time. Were you struggling in your job?
Education, Children and Young People Committee [Draft]
Meeting date: 25 June 2025
Willie Rennie
There were some gaps, and it was reported that you were doing forecasts.
Education, Children and Young People Committee [Draft]
Meeting date: 25 June 2025
Willie Rennie
Thank you for being frank about that.
Dr McGeorge, did you recognise that Mr Fotheringham and his team were struggling?
Education, Children and Young People Committee [Draft]
Meeting date: 25 June 2025
Willie Rennie
Right.