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Chamber and committees

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 29 December 2025
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Displaying 3630 contributions

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Public Audit Committee

“Scottish National Investment Bankâ€

Meeting date: 10 September 2025

Richard Leonard

For clarity, director general, you are the accountable officer in the Scottish Government for the Scottish National Investment Bank, and I think that you described Mr Rollison as the portfolio director, so how does that relationship work? What is your relationship with the Scottish National Investment Bank—is it simply through delegated authority through Mr Rollison and Mr Hogg?

Public Audit Committee

“Scottish National Investment Bankâ€

Meeting date: 10 September 2025

Richard Leonard

When you were asked about positive examples, you spoke about the renewables sector and cited the port at Ardersier. That work is being driven by Quantum Capital Group, which is headquartered in Houston, Texas. We had discussions with Mr Denholm and Mr Watt about covenants and trying to lock in Scottish ownership and control. What balance has been struck in the renewables sector, for example, between investment in indigenous businesses and foreign direct investment projects such as that at Ardersier?

Public Audit Committee

“Scottish National Investment Bankâ€

Meeting date: 10 September 2025

Richard Leonard

In ports?

Public Audit Committee

“Scottish National Investment Bankâ€

Meeting date: 10 September 2025

Richard Leonard

Okay.

10:00  

Public Audit Committee

“Scottish National Investment Bankâ€

Meeting date: 10 September 2025

Richard Leonard

Okay—thank you. I invite Colin Beattie to put some questions to you.

Public Audit Committee

“Scottish National Investment Bankâ€

Meeting date: 10 September 2025

Richard Leonard

But are you lobbying so that it does apply to them?

Public Audit Committee

“Scottish National Investment Bankâ€

Meeting date: 10 September 2025

Richard Leonard

Thanks, Mr Hogg. I now move on to the deputy convener’s questions. Jamie, over to you.

Public Audit Committee

“Scottish National Investment Bankâ€

Meeting date: 10 September 2025

Richard Leonard

He told us that he had a six-month notice period, and he announced on 10 April—five months ago—that he was going. I think that it is quite a long process. We recognise that we need to get the right person in position, but it seems to be a heck of a long time.

I am going to move on, because I know that Stephanie Callaghan, who is joining us online today, is itching to ask some questions.

Public Audit Committee

“Scottish National Investment Bankâ€

Meeting date: 10 September 2025

Richard Leonard

Our main agenda item is further consideration of the Auditor General for Scotland’s report on the Scottish National Investment Bank, which came out earlier this year. We have previously taken evidence from representatives of the bank and, before that, we took evidence from the Auditor General and his team. This morning, we are joined by Scottish Government representatives to give us their views on the report and to answer our questions. I am pleased to welcome to the committee Gregor Irwin, who is the director general for economy. Alongside Mr Irwin is Richard Rollison, who is the director for international trade and investment. We are also joined by Andy Hogg, who is the deputy director for investment and financial services.

As I said, we have a number of questions to put to you, director general, but, before we get to those, I invite you to give us a short opening statement.

Public Audit Committee

“Scottish National Investment Bankâ€

Meeting date: 10 September 2025

Richard Leonard

Thank you very much indeed. I take it that you accept in full each of the report’s recommendations.