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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 16 March 2026
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Displaying 1659 contributions

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Economy and Fair Work Committee

Pre-Budget Scrutiny 2026-27

Meeting date: 24 September 2025

Daniel Johnson

I think that we will get into that with subsequent questions.

My first question is about whether the plan is to get to a point where the bank stands on its own two feet, or whether it will require on-going capital injections or financial interventions from Government to carry on operating. What is the forward plan, and what does sustainability look like for the Scottish National Investment Bank?

Economy and Fair Work Committee

Pre-Budget Scrutiny 2026-27

Meeting date: 24 September 2025

Daniel Johnson

A final question has occurred to me while you were providing your answers, which have been varied and broad. Indeed, we have managed to cover everything from investment strategy and housing to Israel and Gaza.

What strikes me is that you, Mr Watt, are very close to operational decisions. That might be a necessity, given the number of chief executives that you have had, but, ultimately, one would want a division between the chair and the chief executive and for the chair to have a broader view of strategy and be less proximate to the operation. Is there a risk that your role is too close to the bank’s operational and management decisions? That approach might have been necessitated, because of the change of chief executives, but it strikes me that that is a question that needs to be asked in the interest of corporate governance.

Economy and Fair Work Committee

Pre-Budget Scrutiny 2026-27

Meeting date: 24 September 2025

Daniel Johnson

Therefore, the short answer is that we need to devolution-proof the approach for the PuFin framework.

Economy and Fair Work Committee

Pre-Budget Scrutiny 2026-27

Meeting date: 24 September 2025

Daniel Johnson

With that, I will draw our questions to a close. I thank both witnesses for attending the meeting and for providing such full answers.

10:56 Meeting continued in private until 11:26.  

Economy and Fair Work Committee

Pre-budget Scrutiny

Meeting date: 17 September 2025

Daniel Johnson

The point that you just made about the longer-term view was very interesting. Would you be able to provide the committee with that analysis of the investments over that period?

Economy and Fair Work Committee

Pre-budget Scrutiny

Meeting date: 17 September 2025

Daniel Johnson

Before we close, I would like to ask one more question. The issues surrounding Alexander Dennis are very topical. Just before the summer, we took evidence from trade unions and the business itself, and one of the bits of information that we looked at in our briefing paper was the level of support that Scottish Enterprise had provided.

I have two questions about that. First, we understand that Scottish Enterprise made available a total of £30.5 million to Alexander Dennis over a 10-year period, but your website refers to a figure of £17.6 million, so I would be interested if you could clarify what the balance is made up of.

More importantly, in 2023, according to your website, you provided £4.8 million to Alexander Dennis. That is some 5 per cent of the £100 million, roughly, that goes out the door. We also know that the vast bulk of the Scottish zero-emission bus challenge fund money ended up being used to buy buses from overseas. Given that you have spent that money, is there a lesson to be learned there about conditionality and taking a joined-up approach so that we ensure that we build indigenous industries, especially in critical areas. I would describe buses as critical infrastructure.

Could you clarify where the balance of £12.9 million, which is the difference between the £30.5 million and the £17.6 million, came from? Critically, are there lessons to be learned in relation to the funding that you have provided in recent years? Could a more strategic and joined-up approach be taken?

Economy and Fair Work Committee

Pre-budget Scrutiny

Meeting date: 17 September 2025

Daniel Johnson

Thank you very much for responding to an extensive range of questions over a prolonged period of time. I thank both our witnesses for their contributions this morning.

We will have a brief suspension to allow for a changeover of witnesses.

11:13 Meeting suspended.  

11:18 On resuming—  

Economy and Fair Work Committee

Pre-budget Scrutiny

Meeting date: 17 September 2025

Daniel Johnson

What proportion of that £70-something million goes in direct awards in terms of grants, loans and investment?

Economy and Fair Work Committee

Decision on Taking Business in Private

Meeting date: 17 September 2025

Daniel Johnson

Good morning, and welcome to the 25th meeting in 2025 of the Economy and Fair Work Committee. Do committee members agree to take in private, under agenda item 3 of this meeting and in future meetings, discussion of our pre-budget evidence?

Members indicated agreement.

Economy and Fair Work Committee

Pre-budget Scrutiny

Meeting date: 17 September 2025

Daniel Johnson

Those are all indirect outcomes and benefits. Do you have a clear analysis of direct benefits—in other words, projects that Scottish Enterprise wholly or partly funded and the results that they achieved? Are those benefits reported in your annual report? I struggled to identify them.