FOI/202100186560 · FOI · unclear
Capital and revenue cost to date for taxpayers purchases: FOI release
Information requested
I would like to know the following. The capital and revenue cost to date for taxpayer purchases. Baby Boxes, Ferguson Ship Yard, Prestwick Airport and BiFab.
Response
Below is the information requested.
The costs associated with Prestwick Airport since being purchased by the Scottish Government are £47,077,447. This includes the loan funding provided to the business. The costs associated with Baby Boxes programme are displayed below.
Baby Boxes Category Total Note 2016-17 189,929.71 2017-18 8,456,368.48 2018-19 8,704,115.39 2019-20 8,528,993 2020-21 8,325,233.22 Total £34,204,639.80
The costs associated with BiFab since the Scottish Government’s intervention are displayed below. £37,400,000 through loans and 32.4% equity stake. – Debt for equity £15,000,000 loan to support working capital.
BiFab Category Total Note 2017-18 Administration and Legal Expenditure 155,899.53 2018-19 Administration and Legal Expenditure 385,724.29 2019-20 Administration and Legal Expenditure 477,679.29 2020-21 Administration and Legal Expenditure 801,740.30 Total £1,821,043.41
The costs associated with Ferguson Marine since the Scottish Government intervention are displayed below.
Ferguson Marine Category Total Note Administration 1 Running costs during Administration 6,088,264 Acquisition costs Purchase of assets 7,543,857 Land and Buildings Transaction Tax 244,925 Crown Rent and Registration 7,415 Public Ownership Gross expenditure – 2019-20 10,137,373 Gross expenditure – 2020-21 28,368,847 Total £52,390,681
Notes 1. The purchase of certain assets of Ferguson Marine Engineering Limited (FMEL), in the sum of £7,543,857, was satisfied by being set-off against the sums owing by FMEL to the Scottish Ministers. As a result, the purchase of the business and certain assets was made at no additional cash cost to the Scottish Government. About FOI The Scottish Government is committed to publishing all information released in response to Freedom of Information requests. View all FOI responses at http://www.gov.scot/foi-responses.
Contact Please quote the FOI reference Central Enquiry Unit Email: ceu@gov.scot Phone: 0300 244 4000 The Scottish Government St Andrews House Regent Road Edinburgh EH1 3DG
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