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Seòmar agus comataidhean

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 1 July 2025
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Displaying 2810 contributions

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Education, Children and Young People Committee [Draft]

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

Perhaps this question is unfair, but does the SFC have closer engagement with colleges than it had with the universities? To be frank, we got the impression that the SFC sat back until a university told it that it had a problem. Is it more involved with colleges?

Education, Children and Young People Committee [Draft]

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

Ms Campbell, I was looking at your accounts, which are a wee bit scary. In August 2022, you had £11 million in reserves. You also have revaluation reserves, but if we leave those out, your restated income and expenditure reserves dropped from £11 million to £4 million in July 2023 and £1.3 million in July 2024. That is a concerning picture. I know that you are new to the institution, but where is the college going in that regard?

Education, Children and Young People Committee [Draft]

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

Okay. Mr Witty, is that typical of colleges? Are they all in a similar space?

Education, Children and Young People Committee [Draft]

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

The SFC gave us some figures. For example, the figures for 2025-26 separate capital maintenance funding from money for new projects. The figures are £35 million for capital maintenance and £30 million for project funding. You were talking about £1 billion but those figures are nowhere near that.

Education, Children and Young People Committee [Draft]

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

Ms Campbell, I will take your college as an individual example, as we do not have everybody here. What capital challenges is your college facing?

Education, Children and Young People Committee [Draft]

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

Fifteen days’ cash?

Education, Children and Young People Committee [Draft]

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

That means that you have only enough cash to carry on for seven days.

Education, Children and Young People Committee [Draft]

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

Could a college get into the same situation as the University of Dundee, in which it has to come to the SFC and ask for a chunk of further money, or can we be sure that that will not happen, because there is a different way of doing things?

Education, Children and Young People Committee [Draft]

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

What do you get at the centre? Do you get monthly accounts from each college or something like that?

Education, Children and Young People Committee [Draft]

Colleges (Financial Sustainability)

Meeting date: 18 June 2025

John Mason

I will continue from where I was before.

Professor Powell, you said at one point that you were getting only £170,000—I think—from grants. I will pursue the point about the loans that you are getting; presumably you would rather have grants than loans. Are you able to get that financial transactions money because you are a university, whereas the college side would not be able to get it? Is that correct?