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Chamber

Meeting of the Parliament (Hybrid) 24 March 2021

24 Mar 2021 · S5 · Meeting of the Parliament
Item of business
Greensill Capital UK (Administration)

I, too, thank the cabinet secretary for advance sight of his statement, and I welcome the engagement with trade unions. I remind the Parliament that I am a member of Unite and of the GMB.

The collapse of Greensill Capital raises concerns for jobs, businesses and public finances, not just here in Scotland but across the UK and beyond. The cabinet secretary said that the Scottish Government is mitigating risks as far as it can. Could he elaborate on the action that has been taken and on whether there are any constraints or barriers to acting more fully?

Like Murdo Fraser, I was wanting to hear a bit more about the verification of what Mr Gupta has said about adequate funding for current needs. Beyond the strength of his word, what particular action is being taken to check out what he has said to the cabinet secretary?

Given the wide-ranging interests of GFG Alliance and its close connections to Greensill, can the cabinet secretary outline what action the Government will take, not just to protect jobs and vital industries in the short term but, much more importantly, for the longer term, too?

In the same item of business

The Deputy Presiding Officer (Christine Grahame) SNP
Right—back to normal. The next item of business is a statement by Fergus Ewing. The cabinet secretary will take questions at the end of his statement, so the...
The Cabinet Secretary for Rural Economy and Tourism (Fergus Ewing) SNP
My statement concerns the administration of Greensill Capital UK Ltd and its implications for businesses in Scotland. At the outset, I emphasise that the sub...
The Deputy Presiding Officer SNP
The cabinet secretary will now take questions on the issues that were raised in his statement. I will allow about 20 minutes for questions, after which we sh...
Murdo Fraser (Mid Scotland and Fife) (Con) Con
I welcome the statement, which we have been calling for, and I thank the cabinet secretary for advance sight of it. There has been considerable media specula...
Fergus Ewing SNP
I can assure Mr Fraser that continued operation of the smelter and the steelworks are foremost in our objectives. I made that absolutely clear when I met tra...
Monica Lennon (Central Scotland) (Lab) Lab
I, too, thank the cabinet secretary for advance sight of his statement, and I welcome the engagement with trade unions. I remind the Parliament that I am a m...
Fergus Ewing SNP
I thank Monica Lennon for her question—she asked several questions, in fact. I can say that GFG Alliance is seeking to undertake a refinancing. That is a sen...
The Deputy Presiding Officer SNP
I call Willie Rennie. I repeat the usual mantra—it is not directed at you, Mr Rennie—of shorter questions, shorter answers.
Willie Rennie (North East Fife) (LD) LD
Five years ago, the Government told us that the multiplier and supply chain impacts in Lochaber would be worth 2,000 jobs. Are we ever going to see those job...
Fergus Ewing SNP
In my opening statement, I went over the number of jobs that have been provided. Those jobs are valuable and I hope that the Liberal Democrats support that—t...
John Finnie (Highlands and Islands) (Green) Green
I thank the cabinet secretary for his statement and for the Scottish Government’s active involvement in the smelter; I know that the cabinet secretary knows ...
Fergus Ewing SNP
I am not quite sure that I caught all that, but the company’s plans for expanding activities at Lochaber are in the public domain; I can share more informati...
Clare Adamson (Motherwell and Wishaw) (SNP) SNP
My grandfather spent most of his working life in the Dalzell mill, so I know just how much it meant to have those jobs and that production secured. Steel is ...
Fergus Ewing SNP
Like Clare Adamson’s family, many families in the centre of Scotland have the steel industry very close to their hearts and many people have seen their sons ...
Jamie Halcro Johnston (Highlands and Islands) (Con) Con
I welcome the cabinet secretary’s commitment to provide updates over the course of the campaign recess. On the Fort William plant, when the plans were chang...
Fergus Ewing SNP
My officials and I were closely involved in detailed work when we renegotiated the original plan that was approved by the Finance and Constitution Committee,...
Rona Mackay (Strathkelvin and Bearsden) (SNP) SNP
Why was it important that the support went only to a business with plans for long-term operations of the Lochaber premises? What has happened to those plans?
Fergus Ewing SNP
The one clear reason why we took the approach that we did in offering support only to businesses with plans for long-term operations of the Lochaber business...
Rhoda Grant (Highlands and Islands) (Lab) Lab
I am pleased to receive reassurance with regard to the GFG Alliance’s operations in Scotland, especially in Lochaber. When it purchased the Alcan estate and ...
Fergus Ewing SNP
I do not think that it is correct to say that I washed my hands of responsibility. I understand, from the company, that there were substantial discussions wi...
John Mason (Glasgow Shettleston) (SNP) SNP
In his statement, the cabinet secretary mentioned the figures of £14 million and £32 million as being the guarantee that was approved in 2016, including by t...
Fergus Ewing SNP
In my statement, I set out the information that I thought it correct to share with Parliament, and the annual figure repayments vary. The agreement that we r...
Edward Mountain (Highlands and Islands) (Con) Con
I refer members to my entry in the register of members’ interests: I own a fishery on the River Spey, and water from that river goes down to Lochaber, to the...
Fergus Ewing SNP
As would be expected, at the time of the original transaction, a whole range of due diligence was undertaken. It was conducted by employing leading firms and...
Kenneth Gibson (Cunninghame North) (SNP) SNP
As a former employee of British Steel for more than four years, working at Dalzell, I have considerable concerns about the future of the industry. Is the cab...
Fergus Ewing SNP
My ministerial colleagues have carried out work on the long-term future of the steel industry, and we believe that there is such a long-term future. I allude...
David Stewart (Highlands and Islands) (Lab) Lab
In his statement, the cabinet secretary made some positive points, which I whole-heartedly endorse, about the Lochaber smelter. Does he share my view that th...
Fergus Ewing SNP
Yes, I do, and yes, I will. I am extremely grateful for Mr Stewart’s continued support. I think that that might be David Stewart’s last contribution in Parl...
Bob Doris (Glasgow Maryhill and Springburn) (SNP) SNP
I am aware that we are about to enter a period of parliamentary dissolution. That said, what is the single most important thing that we, as members of this P...
Fergus Ewing SNP
As one reads newspapers that are full of speculation, one does not tend to see in those columns of comment any consideration of the workforce. What struck me...