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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 5 May 2021
  6. Current session: 12 May 2021 to 13 August 2025
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Displaying 1619 contributions

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Public Audit Committee

Section 22 Report: “The 2023/24 audit of Ferguson Marine Port Glasgow (Holdings) Limited”

Meeting date: 5 February 2025

Jamie Greene

Right. Where does the rest of the money go? Where is the delta between the £37 million and the £47 million?

Public Audit Committee

Section 22 Report: “The 2023/24 audit of Ferguson Marine Port Glasgow (Holdings) Limited”

Meeting date: 5 February 2025

Jamie Greene

So, the £47 million includes the £14 million. It is not in addition to it—just to make that clear.

Public Audit Committee

Section 22 Report: “The 2023/24 audit of Ferguson Marine Port Glasgow (Holdings) Limited”

Meeting date: 5 February 2025

Jamie Greene

Realistically, I do not think that anyone who is in this room or watching this meeting believes that, at any point, the Government would say no to requests for extra cash to complete the vessel. We are not simply going to stop the project, are we? Ministers want to see the vessel sailing away from Greenock finished. Can we infer from that that there is a blank cheque to complete the project?

Public Audit Committee

Section 22 Report: “The 2023/24 audit of Ferguson Marine Port Glasgow (Holdings) Limited”

Meeting date: 5 February 2025

Jamie Greene

Okay. That sort of answered the question.

Over the past couple of years, one of the major sources of pain has been the fact that the vessels that were due to be delivered involved complicated systems that the yard had not made before. By that, I mean the dual fuel LNG systems that had to go into the Glen Sannox and the Glen Rosa. Does that also present an opportunity? Are you coming out of that experience with expertise and with proprietary knowledge or IP that is sellable in the open market? Alternatively, do you think that you have really burned your hands on that technology and that your business would rather do something else?

Public Audit Committee

Section 22 Report: “The 2023/24 audit of Ferguson Marine Port Glasgow (Holdings) Limited”

Meeting date: 5 February 2025

Jamie Greene

Absolutely.

Public Audit Committee

Section 22 Report: “The 2023/24 audit of Ferguson Marine Port Glasgow (Holdings) Limited”

Meeting date: 5 February 2025

Jamie Greene

What are the intentions for the long-term future of the yard? Is it still the stated intention of the Scottish Government to return the yard to private ownership? If so, when will that happen?

Public Audit Committee

Section 22 Report: “The 2023/24 audit of Ferguson Marine Port Glasgow (Holdings) Limited”

Meeting date: 5 February 2025

Jamie Greene

Right.

Public Audit Committee

Section 22 Report: “The 2023/24 audit of Ferguson Marine Port Glasgow (Holdings) Limited”

Meeting date: 5 February 2025

Jamie Greene

I will spread my questions across two parts, because other members would like to come in.

Mr Petticrew, it is really good to hear of your passion for the yard. I know that you inherited what has, over the years, been a very difficult situation on the journey to deliver ferries. Anyone who lives, works or has roots in that part of the world will share your ambition to see the yard succeed. I hope that we will talk a little more about its future, in due course.

I will pick up on one or two things. I will talk about the budget and finances briefly. In our evidence session on 16 January, there was some confusion over some of the numbers involved, so I want to see whether we can clarify them—in particular, about the money that the Scottish Government has allocated to the yard.

10:30  

The Parliament agreed to the general principles of the Budget (Scotland) (No 4) Bill at stage 1 yesterday. The draft budget has a line for Ferguson Marine of £47.9 million for the coming financial year. In addition, a statement was made last year about £14.2 million of capital funding being made available for—I presume—investment in and upgrading of the yard’s infrastructure. Perhaps sitting alongside that is a pot of cash to complete the MV Glen Rosa. We will come to that in a second.

Can we clarify the numbers? Does the £47 million or £48 million in the draft budget include or exclude the £14 million of capital expenditure? Will any money that is needed in addition to what has already been put aside to complete the Glen Rosa—it sounds like it might incur more costs—come out of that, or is there a separate pot of cash to complete the Glen Rosa?

Public Audit Committee

Section 22 Report: “The 2023/24 audit of Ferguson Marine Port Glasgow (Holdings) Limited”

Meeting date: 5 February 2025

Jamie Greene

What happens if Mr Petticrew crunches the numbers, comes to you and says that the second vessel will cost £X more? Do you have headway in the £47 million, or would you have to seek extra cash from the Government?

Public Audit Committee

Section 22 Report: “The 2023/24 audit of Ferguson Marine Port Glasgow (Holdings) Limited”

Meeting date: 5 February 2025

Jamie Greene

I presume that if it was a small figure, you could scratch around in the Government coffers and find it, but what if it was in the millions?