Skip to main content
Loading…

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.  

Criathragan Hide all filters

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 6 March 2026
Select which types of business to include


Select level of detail in results

Displaying 1610 contributions

|

Finance and Public Administration Committee [Draft]

Subordinate Legislation

Meeting date: 17 February 2026

Ivan McKee

Yes. Exactly.

Finance and Public Administration Committee [Draft]

Subordinate Legislation

Meeting date: 17 February 2026

Ivan McKee

I do not know whether officials have any more detail on that. However, the investments that the SNIB makes are an on-going process and some will be more successful than others.

Finance and Public Administration Committee [Draft]

Subordinate Legislation

Meeting date: 17 February 2026

Ivan McKee

Yes.

Finance and Public Administration Committee [Draft]

Subordinate Legislation

Meeting date: 17 February 2026

Ivan McKee

The Government’s focus with regard to investment, which the Deputy First Minister leads on, is to understand the appetite in different parts of the investment community. There is a wide and varied landscape when it comes to investment in public sector opportunities. A lot of work is going on in the relevant directorate on the InvestScotland portal, which is identifying projects that the private sector may have an interest in. Work is on-going to get those projects to a level of detail and granularity so that the prospectus can be what we would call investor ready, which is when investors are able to use it to identify and understand how a business case stacks up. The mechanisms that could be used for that will depend, to some extent, on the nature of the opportunity.

Finance and Public Administration Committee [Draft]

Subordinate Legislation

Meeting date: 17 February 2026

Ivan McKee

There are a few things there. When it comes to moving money about—particularly capital money—you cannot just throw a switch to move £100 million from here to there. Projects have to be in place to support any such move.

Much of this is demand led—that applies to the example that you cited of the heat in buildings programme. A number of factors would have affected where any underspend that had been identified would have been redeployed; after all, there is a whole range of other investments that are made, which are based on priorities but also very much on whether there are projects ready to deploy those funds in the time period in question.

The specific issue that you highlighted would have been the subject of a conversation between the cabinet secretary and the relevant portfolio minister, and I was not specifically involved in it. However, if you want specifics, I can seek more detail on what was proposed.

Finance and Public Administration Committee [Draft]

Subordinate Legislation

Meeting date: 17 February 2026

Ivan McKee

I will let officials comment on that. I am not sure what the adjustments are as a percentage of the total pension bill. If I am not mistaken, the biggest adjustment this year is the £300-plus million figure from DEL to AME on certain pensions. That figure is affected by a range of factors, including the number of people who retire. People may choose to retire early or to make other decisions.

Finance and Public Administration Committee [Draft]

Subordinate Legislation

Meeting date: 17 February 2026

Ivan McKee

As you said, the funding is to be used to support climate investments for the future. The numbers that you mentioned are big in the context of the ScotWind budget, but they are relatively small in the context of the overall capital programme.

Finance and Public Administration Committee [Draft]

Subordinate Legislation

Meeting date: 17 February 2026

Ivan McKee

In terms of that year-end adjustment number, we always have to make an assessment of what the potential impact is. Those sound like big numbers, but they are in the context of a £60 billion-plus Scottish budget. We need to make our final decisions on borrowing in the middle of March, so there is still scope for changes at that point. Historically, there have been changes—of more than £100 million on occasion—as a consequence of year-end audit adjustments.

We need to keep some money for that and for anything that happens in the final few weeks of the financial year. However, as I said, nothing is lost there, because anything that is still there carries forward into the following financial year.

Finance and Public Administration Committee [Draft]

Subordinate Legislation

Meeting date: 17 February 2026

Ivan McKee

That is one possible driver. We work hard to make sure that people are claiming the benefit, but underclaiming could be an issue. However, assuming that all else is equal, it would indicate that fewer people are in need of the benefit, which, as you say, would be a positive thing.

Finance and Public Administration Committee [Draft]

Subordinate Legislation

Meeting date: 17 February 2026

Ivan McKee

Are you asking why it is not a round number?