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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. Session 6: 13 May 2021 to 25 March 2026
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Displaying 1716 contributions

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Economy and Fair Work Committee

Transition to Net Zero (Financial Support)

Meeting date: 6 October 2021

Claire Baker

I am sorry to cut you off, Mr Smyth, but we have to move on.

Economy and Fair Work Committee

Transition to Net Zero (Financial Support)

Meeting date: 6 October 2021

Claire Baker

I ask David Ovens to respond on issues that were raised by the earlier panel and to talk a bit about Archangel Investors’ role and how you see your organisation addressing some of the funding gaps in support for SMEs?

Economy and Fair Work Committee

Transition to Net Zero (Financial Support)

Meeting date: 6 October 2021

Claire Baker

It would be helpful if the panellists could be brief in their responses. Thank you.

Economy and Fair Work Committee

Transition to Net Zero (Financial Support)

Meeting date: 6 October 2021

Claire Baker

I will close with a question for Fraser Sime. Will you reflect on this morning’s evidence? I had a look at the Bank of Scotland’s website and the case studies of organisations and companies that have been funded. There is quite a mix, and many businesses are taking loans to finance their transition to net zero. Are there incentives or are those loans treated differently from loans that other businesses are requesting?

Economy and Fair Work Committee

Transition to Net Zero (Financial Support)

Meeting date: 6 October 2021

Claire Baker

Is it typical of the banking sector to take that kind of approach to encourage green investment?

Economy and Fair Work Committee

Transition to Net Zero (Financial Support)

Meeting date: 6 October 2021

Claire Baker

We move on to questions from Colin Beattie. As we are a bit pushed for time, it would be helpful if questioners and panel members could be succinct.

Economy and Fair Work Committee

Economic Recovery

Meeting date: 29 September 2021

Claire Baker

I have a couple of questions about the FTs on the back of Michelle Thomson’s questions. The cabinet secretary will know that Scottish Enterprise set out to the committee that it is facing a funding gap as a consequence of the drop in financial transaction returns.

Also, can you address the issue of the SNIB? The assumption was that FTs would provide the source of capital for the SNIB. Is the position on FTs to wait and see what the UK Government decides, or is an alternative plan being put in place for the SNIB? According to the forecasting that was originally done, it will be challenging if the financial transactions continue to be reduced.

Economy and Fair Work Committee

Economic Recovery

Meeting date: 29 September 2021

Claire Baker

Please come in, Ms Gray.

Economy and Fair Work Committee

Economic Recovery

Meeting date: 29 September 2021

Claire Baker

Thank you. Before we close, I will return to the issue of the Scottish National Investment Bank. You have given a firm commitment this morning to finance the SNIB and have also just referred to the bank’s independence. Has the Government set a target rate of return for the bank?

You will be aware that a number of bonus or incentive payments have been made in the initial months of the bank’s establishment. Previously, the Government said that there would be no annual financial target-based bonuses within the bank and there would be medium to long-term incentive schemes. Do you have a view on the recent bonuses and the payments that have been made in the short lifetime of the bank?

Economy and Fair Work Committee

Economic Recovery

Meeting date: 29 September 2021

Claire Baker

We will take a short break before the next panel.

11:21 Meeting suspended.  

11:30 On resuming—