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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 4 May 2021
  6. Current session: 13 May 2021 to 5 February 2026
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Displaying 3715 contributions

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Public Audit Committee

Cairngorm Funicular Railway

Meeting date: 17 September 2025

Richard Leonard

On first viewing, there seems to be quite a proliferation of governance and lots of different committees and programme boards and so on. Is that the most effective way of providing the oversight that is required? It would be useful for the Public Audit Committee to have a diagram that shows how those different parts of the governance fit together and what their different roles are.

The other question that arises is the extent to which that structure is a product of lessons learned from the previous private contractor that provided the services, which was Natural Assets Investments Ltd.

Public Audit Committee

Cairngorm Funicular Railway

Meeting date: 17 September 2025

Richard Leonard

I now invite Keith Brown to put some questions to you.

Public Audit Committee

Cairngorm Funicular Railway

Meeting date: 17 September 2025

Richard Leonard

Our next agenda item is a mini-inquiry into the Cairngorm funicular railway. I am very pleased to welcome our witnesses to the committee. From Highlands and Islands Enterprise, we are joined by Stuart Black, the chief executive; Sandra Dunbar, director of corporate services; and Elaine Hanton, the Cairngorm programme lead. We are also joined by representatives from Cairngorm Mountain (Scotland) Ltd, which is a subsidiary of Highlands and Islands Enterprise. I am pleased to welcome Mike Gifford, the chief executive; and Tim Hurst, a board member and the former interim chief executive.

We have some questions to put to you, but before we get to those, I invite Mr Black to make a short opening statement.

Public Audit Committee

“Flooding in communities: Moving towards flood resilience”

Meeting date: 17 September 2025

Richard Leonard

I now invite Keith Brown to put some questions to the witnesses.

Public Audit Committee

Interests

Meeting date: 17 September 2025

Richard Leonard

Good morning. I welcome everyone to the 24th meeting in 2025 of the Public Audit Committee. We have received apologies from Joe FitzPatrick. I welcome Keith Brown, who joins us as Joe FitzPatrick’s substitute. Keith, do you wish to declare any relevant interests?

Public Audit Committee

“Scottish National Investment Bank”

Meeting date: 10 September 2025

Richard Leonard

You said—and I think that it is recorded in the Auditor General’s report—that the bank is well governed. However, when the Auditor General gave evidence to the committee on 28 May, he also said that overgovernance is

“a real risk to be managed.”—[Official Report, Public Audit Committee, 28 May 2025; c19.]

I have listened to the description of the various bits of apparatus, some of which are described in exhibit 3 of the Auditor General’s report. There is a business investment group; a Scottish Government ministerial advisory group; the board of the National Investment Bank itself; and there is this figure who acts as a provider of independent oversight and who, as you have described it, liaises. There is a danger, is there not, that, at a strategic level, and even possibly at an operational level, there are lots of cooks who might spoil the broth?

Public Audit Committee

“Scottish National Investment Bank”

Meeting date: 10 September 2025

Richard Leonard

But you are vigilant, no doubt.

Public Audit Committee

“Scottish National Investment Bank”

Meeting date: 10 September 2025

Richard Leonard

I do not want to labour this point but, just for clarity, my understanding, from reading the Auditor General’s report and then from the exchanges that we had with the chair of the bank back in June, was that the Treasury was undertaking a discrete review to look at the rules, and possibly the legislative framework, around these public financial institutions, which are presumably the PuFins that you are talking about—the National Wealth Fund and so on.

Has such a discrete review started? Has it been completed? Have recommendations been made and are the chancellor or Treasury officials now musing over those, or have they decided, or what? When Mr Beattie asked Mr Rollison about the timetable, it was all a bit woolly. However, the recommendation in the report is that, within three months of those recommendations, action should be taken.

Public Audit Committee

“Scottish National Investment Bank”

Meeting date: 10 September 2025

Richard Leonard

That is less than clear, is it not?

Public Audit Committee

“Scottish National Investment Bank”

Meeting date: 10 September 2025

Richard Leonard

Are you going to meet the three-month timetable set out in the Auditor General’s recommendation?