The Official Report is a written record of public meetings of the Parliament and committees.
The Official Report search offers lots of different ways to find the information you’re looking for. The search is used as a professional tool by researchers and third-party organisations. It is also used by members of the public who may have less parliamentary awareness. This means it needs to provide the ability to run complex searches, and the ability to browse reports or perform a simple keyword search.
The web version of the Official Report has three different views:
Depending on the kind of search you want to do, one of these views will be the best option. The default view is to show the report for each meeting of Parliament or a committee. For a simple keyword search, the results will be shown by item of business.
When you choose to search by a particular MSP, the results returned will show each spoken contribution in Parliament or a committee, ordered by date with the most recent contributions first. This will usually return a lot of results, but you can refine your search by keyword, date and/or by meeting (committee or Chamber business).
We’ve chosen to display the entirety of each MSP’s contribution in the search results. This is intended to reduce the number of times that users need to click into an actual report to get the information that they’re looking for, but in some cases it can lead to very short contributions (“Yes.”) or very long ones (Ministerial statements, for example.) We’ll keep this under review and get feedback from users on whether this approach best meets their needs.
There are two types of keyword search:
If you select an MSP’s name from the dropdown menu, and add a phrase in quotation marks to the keyword field, then the search will return only examples of when the MSP said those exact words. You can further refine this search by adding a date range or selecting a particular committee or Meeting of the Parliament.
It’s also possible to run basic Boolean searches. For example:
There are two ways of searching by date.
You can either use the Start date and End date options to run a search across a particular date range. For example, you may know that a particular subject was discussed at some point in the last few weeks and choose a date range to reflect that.
Alternatively, you can use one of the pre-defined date ranges under “Select a time period”. These are:
If you search by an individual session, the list of MSPs and committees will automatically update to show only the MSPs and committees which were current during that session. For example, if you select Session 1 you will be show a list of MSPs and committees from Session 1.
If you add a custom date range which crosses more than one session of Parliament, the lists of MSPs and committees will update to show the information that was current at that time.
All Official Reports of meetings in the Debating Chamber of the Scottish Parliament.
All Official Reports of public meetings of committees.
Displaying 3464 contributions
Public Audit Committee [Draft]
Meeting date: 28 May 2025
Richard Leonard
My final question is on the leadership of the Scottish National Investment Bank. Al Denholm recently announced that he plans to step down, and Eilidh Mactaggart was formerly the chief executive officer; so, in year 5 of the bank, it will have its third permanent chief executive. I think that there was also an interim chief executive—the finance officer stepped up for a period. That is a high turnover, is it not, in the leadership of what is a quite new institution. Do you have any comments on that?
Public Audit Committee [Draft]
Meeting date: 28 May 2025
Richard Leonard
I am sure that we will continue to keep a close eye on that.
Your evidence this morning has been very helpful for us. I thank Kirsty Ridd, Catherine Young and Cornilius Chikwama, and I thank you, Auditor General, for leading on the evidence this morning.
11:27 Meeting continued in private until 11:39.Public Audit Committee [Draft]
Meeting date: 28 May 2025
Richard Leonard
I will move on to what is, in my view, a more positive investment—it has been referred to a couple of times already—which is the investment in a construction company that was building housing in Shetland. In the report, you mention the fact that one of the attractions of that investment, albeit that it was below the normal threshold for investments, was that the company was converting to being an employee-owned business. Again, is the ownership structure and the way in which a business is put together a factor in determining where investment is placed?
Public Audit Committee [Draft]
Meeting date: 28 May 2025
Richard Leonard
Thanks a lot. That is absolutely fine. I am conscious of the time, but we have one final line of questioning, which is going to be prosecuted by Graham Simpson.
Public Audit Committee [Draft]
Meeting date: 28 May 2025
Richard Leonard
We have some questions about the financial basis on which the bank was established and operates. Those will be put by Colin Beattie.
Public Audit Committee [Draft]
Meeting date: 28 May 2025
Richard Leonard
That goes to one of your recommendations about transparency, does it not?
Public Audit Committee [Draft]
Meeting date: 28 May 2025
Richard Leonard
I have a final question before I bring Graham Simpson in. One of the vehicles for investment is taking out an equity stake—I think that that is one of the options that the bank has, is it not? Are there examples of that? When equity stakes have been taken out, is a nominated person from the investment bank on the board of that organisation?
Public Audit Committee [Draft]
Meeting date: 28 May 2025
Richard Leonard
It is a very precise figure—92.3 per cent. When I look at the quantum of investments that have been awarded since the bank was established, I note the three biggest investments, at the maximum of £50 million. One went to North Star Shipping Renewables, which is based in Aberdeen—that is fair enough. However, £50 million went to the Ardersier port—to which you have referred already—which is owned by a venture capital company that is based in Houston, Texas. The third investment, in Gresham House Forestry Fund, has been quite controversial and has been raised in Parliament before. The fund is now owned by a private equity company that is based in 5th Avenue, New York.
Maybe this is just a fact of life, but it seems to me that quite a large amount of investment through decisions by the Scottish National Investment Bank has gone to big, private equity-owned international funds rather than to SMEs that are trying to grow their business in the terrain of the Scottish economy.
Public Audit Committee [Draft]
Meeting date: 28 May 2025
Richard Leonard
Thanks for clearing that up. I invite Stuart McMillan to put some questions to you.
Public Audit Committee [Draft]
Meeting date: 28 May 2025
Richard Leonard
Agenda item 2 is consideration of the Auditor General for Scotland’s performance audit of the Scottish National Investment Bank. I am pleased to welcome our witnesses. We are joined by the Auditor General for Scotland, Stephen Boyle—good morning. Alongside the Auditor General, from Audit Scotland, are Cornilius Chikwama, audit director; Catherine Young, a senior manager; and Kirsty Ridd, an audit manager.
Before we get to our questions, Auditor General, I invite you to make an opening statement.