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All Official Reports of meetings in the Debating Chamber of the Scottish Parliament.
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Displaying 3919 contributions
Public Audit Committee
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
Meeting date: 10 September 2025
Richard Leonard
Well, is it a yes or a no—what is the Scottish Government’s position?
Public Audit Committee
Meeting date: 10 September 2025
Richard Leonard
Okay—I understand that you may need to leave us now.
On that last point, Mr Denholm announced on 10 April that he was planning to step down, and today is 10 September, which is five months later. What stage is the bank at in the recruitment of his replacement?
Public Audit Committee
Meeting date: 10 September 2025
Richard Leonard
Do you expect that, by the six-month mark—10 October—there will be an announcement about who the new chief executive officer for the Scottish National Investment Bank is?
Public Audit Committee
Meeting date: 10 September 2025
Richard Leonard
Good morning. I welcome everyone to the 23rd meeting in 2025 of the Public Audit Committee. We have received apologies from Joe FitzPatrick, but we will be joined online by his substitute, Stephanie Callaghan.
The first agenda item is a decision on whether to take agenda items 3 and 4 in private. Does the committee agree to take those items in private?
Members indicated agreement.
Public Audit Committee
Meeting date: 3 September 2025
Richard Leonard
Thank you very much.
Public Audit Committee
Meeting date: 3 September 2025
Richard Leonard
Thank you very much. I will begin with the final point that you made. In the past day or so, the committee has received correspondence from Lydia Rohmer, who is the principal and chief executive officer of the merged college, in which she talks about this being a matter of a “technical interpretation” and says that the college had simply taken a “prudent approach”. It did not read to me as though the newly merged college accepted the qualification that had been made by the auditors. Will you comment on that?
Public Audit Committee
Meeting date: 3 September 2025
Richard Leonard
Thank you. There is another dimension to that, which you mentioned in your opening statement. The issue is about laying an audit report before the Parliament, so it is about parliamentary and public accountability of the public institution.
You have told us that the audit is for the financial year 2022-23. The deadline for the report being placed before the Parliament was 30 April 2024, but it was not signed off and placed before the Parliament until December 2024, which was eight months later. Could you run through the causes for such an extensive delay? It strikes at the heart of accountability.
Public Audit Committee
Meeting date: 3 September 2025
Richard Leonard
Okay. Thank you. Before I bring in Colin Beattie, the deputy convener wants to ask a quick supplementary question.
09:45Public Audit Committee
Meeting date: 3 September 2025
Richard Leonard
Okay. Of course, we might pursue some of those lines of inquiry outwith this evidence session.
I invite Graham Simpson to put some questions to you.