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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 15 September 2025
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Displaying 1656 contributions

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Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Jamie Greene

The problem that I have is that it is almost eight years to the day since I sat in a committee room three floors up from the one that we are in now with a Government minister in front of me and asked what their exit strategy for Prestwick airport was. What faith can we have that you guys are the ones who will deliver the exit strategies for Ferguson and Prestwick, given that there seems to be a lack of progress on both?

Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Jamie Greene

Are you aware of any other potential business opportunities for the yard?

Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Jamie Greene

Did Andrew Miller tell you the reasons?

Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Jamie Greene

Are there any other live potential business investments that the Government is considering that you are advising it on?

Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Jamie Greene

Okay. Thanks, convener.

Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Jamie Greene

Are you locked in for the full term of the contract? Is there any get-out at all?

Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Jamie Greene

Okay. In other words, you cannot backdate it. You cannot accumulate annually the—

Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Jamie Greene

There is a wider question. I am looking at the major strategic investments of the past five to 10 years in Burntisland Fabrications, Ferguson Marine, Lochaber and Prestwick airport. A lot of Government loans seem to be involved in a lot of those businesses. Obviously, there are different types of investment. There will be strategic infrastructure investments and cash injections to do things and make those businesses better, but there are also straightforward cash injections.

It seems that many of those are being written off. I presume that the decisions to write off loans are political ones made by ministers. The figure for BiFab is around £50 million, there are about £45 million to £50 million loans to Prestwick and there is at least £100 million—possibly more—in loans to Ferguson. It is hard to track down the numbers but it is an awful lot of public money.

Who makes the decision as to whether loans are written off? When you look at the future strategy or the exit strategy for those businesses, is it more than likely that the loans will not form part of any takeover strategy?

10:30  

Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Jamie Greene

Do you have any women in senior leadership roles in those forty positions? I just see a panel of men in front of me.

Public Audit Committee

Scottish Government Strategic Commercial Assets Division

Meeting date: 30 May 2024

Jamie Greene

However, the problem is that this is the groundhog day that we have all heard about before. Time after time, we have heard people sitting in committee rooms saying exactly what you have just said. They say that things are all heading in the right direction, and lots of positive noise is made, but then it all falls apart. Nobody knows why, who has bid, how much they bid or the reasons for the Government turning down bids There is a general lack of transparency around decision making about why ownership bids are refused or denied. You are advising ministers on those decisions. Is there any way in which you could increase the transparency around them?