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 14 October 2025
Select which types of business to include


Select level of detail in results

Displaying 2289 contributions

|

Public Audit Committee [Draft]

“Scottish National Investment Bank”

Meeting date: 25 June 2025

Stuart McMillan

Yes, absolutely. I grew up in Port Glasgow, where, apart from some juice bottles, recycling was not really much of a thing, as you know.

The bank operates with single-year funding allocations from the Scottish Government, and there will obviously be some challenges with that. You touched on that area in your earlier comments. I am keen to get a bit more understanding of how you manage to deal with that and align funding with commercial activity, including in relation to your preparedness and ability to manage investment losses.

Public Audit Committee [Draft]

“Scottish National Investment Bank”

Meeting date: 25 June 2025

Stuart McMillan

Is that flexibility already in operation?

Public Audit Committee [Draft]

“Scottish National Investment Bank”

Meeting date: 25 June 2025

Stuart McMillan

Okay. You gave one example, but are there any other examples—I am not looking for the names of companies—where the lack of flexibility has had an impact on what you do?

Public Audit Committee [Draft]

“Scottish National Investment Bank”

Meeting date: 25 June 2025

Stuart McMillan

Mr Denholm, do you want to come in?

Public Audit Committee [Draft]

“Scottish National Investment Bank”

Meeting date: 25 June 2025

Stuart McMillan

That is helpful. Thank you.

Public Audit Committee [Draft]

“Scottish National Investment Bank”

Meeting date: 25 June 2025

Stuart McMillan

Is that the same across the UK for other development banks?

Public Audit Committee [Draft]

“Scottish National Investment Bank”

Meeting date: 25 June 2025

Stuart McMillan

The mention of Europe took me back to 1994 and my studies in Germany, where a deposit return scheme was in operation.

Public Audit Committee [Draft]

“Scottish National Investment Bank”

Meeting date: 25 June 2025

Stuart McMillan

When did that come in?

Public Audit Committee [Draft]

“Scottish National Investment Bank”

Meeting date: 25 June 2025

Stuart McMillan

That is helpful, thank you.

Mr Watt, earlier, you referenced two banks—KfW and the Connecticut Green Bank. KfW is a state-owned bank—I checked that a few moments ago. Every country has its own set of financial rules, but do the German banks operate between the federal Government and the Länder Governments? Do they operate under something similar with regard to the year end?

Public Audit Committee [Draft]

“Scottish National Investment Bank”

Meeting date: 25 June 2025

Stuart McMillan

I asked that question because, as you indicated, KfW has been around for 40 years, and SNIB has obviously been around for a lot less time. Are the drive that you want to see in SNIB and the direction of travel that you want to take the bank in akin to those of the KfW?