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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 4 May 2021
  6. Session 6: 13 May 2021 to 8 April 2026
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Displaying 3918 contributions

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Public Audit Committee

“Scottish National Investment Bank”

Meeting date: 10 September 2025

Richard Leonard

Our main agenda item is further consideration of the Auditor General for Scotland’s report on the Scottish National Investment Bank, which came out earlier this year. We have previously taken evidence from representatives of the bank and, before that, we took evidence from the Auditor General and his team. This morning, we are joined by Scottish Government representatives to give us their views on the report and to answer our questions. I am pleased to welcome to the committee Gregor Irwin, who is the director general for economy. Alongside Mr Irwin is Richard Rollison, who is the director for international trade and investment. We are also joined by Andy Hogg, who is the deputy director for investment and financial services.

As I said, we have a number of questions to put to you, director general, but, before we get to those, I invite you to give us a short opening statement.

Public Audit Committee

“Scottish National Investment Bank”

Meeting date: 10 September 2025

Richard Leonard

Thank you very much indeed. I take it that you accept in full each of the report’s recommendations.

Public Audit Committee

“Scottish National Investment Bank”

Meeting date: 10 September 2025

Richard Leonard

Mr Hogg, do you want to give us more information about the workings of the business investment group?

Public Audit Committee

“Scottish National Investment Bank”

Meeting date: 10 September 2025

Richard Leonard

Okay, but we, as a committee, have been interested in the balance between those bigger transnational corporation investments and investments in small and medium-sized enterprises. The figure quoted in the report, which was supplied to the Auditor General by the bank, is that 92.3 per cent of all investments have been made in SMEs; however, that does not sound right, because we know about the Gresham House Forestry Fund, Quantum at Ardersier and so on. The figure for investment that we have arrived at is nearer to a 60:40 balance between SMEs and non-SMEs. I do not know whether you can verify that.

Public Audit Committee

Interests

Meeting date: 3 September 2025

Richard Leonard

Good morning, and welcome, everyone, to the 22nd meeting in 2025 of the Public Audit Committee. We are joined by Joe FitzPatrick, whom I very much welcome to the committee. Before we start the business proper, I invite him to declare any relevant interests.

Public Audit Committee

“The 2022/23 audit of Lews Castle College”

Meeting date: 3 September 2025

Richard Leonard

The audit was carried out by Deloitte on behalf of Audit Scotland, and the report that we have before us is an Audit Scotland section 22 report. Therefore, can you be clear, Auditor General: do you agree with Mr Howse’s interpretation of the rules and regulations and the accountancy practices?

Public Audit Committee

“The 2022/23 audit of Lews Castle College”

Meeting date: 3 September 2025

Richard Leonard

Do you want to add to that, Auditor General?

Public Audit Committee

“The 2022/23 audit of Lews Castle College”

Meeting date: 3 September 2025

Richard Leonard

Colin Beattie has some questions on the same theme.

Public Audit Committee

“The 2022/23 audit of Lews Castle College”

Meeting date: 3 September 2025

Richard Leonard

I will finish with a question that goes back to an earlier point that we discussed, which involved the delay in the laying of the 2022-23 accounts. On further reflection, I note that the letter that we received from Lydia Rohmer, the principal and chief executive of UHI North, West and Hebrides, says that the reason for the delay was, in part,

“a combination of rescheduled audit work and the wider capacity pressures in Scotland’s public audit system”,

which rather points the finger at you, Auditor General.

Public Audit Committee

Interests

Meeting date: 3 September 2025

Richard Leonard

Thank you very much.