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 3697 contributions
Education, Children and Young People Committee
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
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
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
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
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
Meeting date: 18 June 2025
John Mason
Professor Wayne Powell, you mentioned financial transaction money in your submission. Will you explain how you were using that and why it got lost, or whatever it was?
Education, Children and Young People Committee
Meeting date: 18 June 2025
John Mason
Okay—I will leave it at that for now.
Education, Children and Young People Committee
Meeting date: 18 June 2025
John Mason
Fifteen days’ cash?
Education, Children and Young People Committee
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
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?