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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 1148 contributions

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Economy and Fair Work Committee [Draft]

Budget Scrutiny 2026-27

Meeting date: 21 January 2026

Kate Forbes

Scottish Enterprise is currently engaging in a restructuring process—that is public knowledge.

Economy and Fair Work Committee [Draft]

Budget Scrutiny 2026-27

Meeting date: 21 January 2026

Kate Forbes

Happily. We have brilliant data on that.

Economy and Fair Work Committee [Draft]

Budget Scrutiny 2026-27

Meeting date: 21 January 2026

Kate Forbes

The higher rate.

Economy and Fair Work Committee [Draft]

Budget Scrutiny 2026-27

Meeting date: 21 January 2026

Kate Forbes

The 74 per cent is the figure that we expect to be unaffected by maintaining—

Economy and Fair Work Committee [Draft]

Budget Scrutiny 2026-27

Meeting date: 21 January 2026

Kate Forbes

We have, however, always accepted that we need to keep the issue under review, and we need to make sure that we are taking a fair approach. What the Labour Party has done in England on freezing has set a different context for the tax decisions that we take. Actually, I think that Rishi Sunak did that as well, in terms of freezing, although I cannot recall precisely.

Economy and Fair Work Committee [Draft]

Budget Scrutiny 2026-27

Meeting date: 21 January 2026

Kate Forbes

My point is that we keep the divergence under review, and decisions taken by the UK Government are also taken into account. The short answer to your good question is that we keep it under review.

Economy and Fair Work Committee [Draft]

Budget Scrutiny 2026-27

Meeting date: 21 January 2026

Kate Forbes

Yes, it does.

Economy and Fair Work Committee [Draft]

Budget Scrutiny 2026-27

Meeting date: 21 January 2026

Kate Forbes

Yes. Since launching in 2022, £85 million has been spent, involving 28 projects across the region, and 230 jobs have been created and safeguarded. The fund has opened up more than 750 training places via skills-focused projects and attracted more than £30 million in private investment and £4.7 million in public and third sector investment—that was from £43 million of the initial just transition fund investment. Those are strong figures that are based on an independent evaluation of the first two years of the fund, which will continue to grow.

Economy and Fair Work Committee [Draft]

Budget Scrutiny 2026-27

Meeting date: 21 January 2026

Kate Forbes

The just transition is one of SNIB’s three core missions. In the past two years, the level of investment, particularly in the supply chain, has been quite impressive across enterprise agencies and the bank. Highlands and Islands Enterprise has been one of the biggest recipients of the £500 million supply chain funding.

The bank has also made substantial investments. I will leave defending the investments that it makes to it, because of its operational independence. That level of investment across the board has been very encouraging, and I would like to see more this coming year.

Economy and Fair Work Committee [Draft]

Budget Scrutiny 2026-27

Meeting date: 21 January 2026

Kate Forbes

I do not think that there is a perfect science to this at all. I have had responsibility for finance and the economy at times, because there was an understanding that tax was so integral to the performance of the economy that it should be linked, and I listened to questions about tax and so on. That is not the case now. There have been times when skills and the economy have been linked, because of the reflection of the importance of skills. There have been times, I believe, when economy and infrastructure have been linked.

There have been various iterations. There is also a strong argument for economy and energy to be linked, because energy is such a critical driver. The danger and the risk is that you end up with too much responsibility and too many junior ministers doing a lot of the work, and you are therefore not able to get your teeth into it.

We need to be responsive to the issues that become the primary issues. For the past year and a bit, I would say that skills and energy have been the biggest issues. I cannot predict what will be the biggest issue next year. Perhaps it will be issues of international security, and very different issues will suddenly become dominant.

09:45

The key is for the Cabinet as a whole to understand that we are all in the business of economic growth and prosperity. When I came back into Government around 18 months ago, I used the example of Marine Scotland—is Marine Scotland tasked with economic growth and prosperity or not? It is not in its remit, as it is for enterprise agencies, but when we look at consenting issues, it suddenly becomes critical. It is about having that Cabinet-wide understanding. Mercifully, I will leave it to the next Government to determine what that looks like.

I thank the committee for making every appearance such an enjoyable experience. Having done committee appearances—or performances, because that is what they are, are they not?—over the past six years, I know that I always value those committees that will ask me difficult questions. Sometimes, you put in all the preparation and then only get asked simple, easy, political questions, so I pay tribute to the committee for asking me difficult and probing questions and revealing just how well informed it is with the quality of those questions. I am hugely grateful to all of you for all these enjoyable appearances.