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FOI/201900004910 · FOI · unclear

Interest owing Ferguson Marine loans: FOI release

Published
2019-11-01
Received
2019-10-04
Responded
2019-11-01
Directorate
Economic Development Directorate
Topic
Money and tax, Public sector
Exemptions
None detected

Information requested

You asked for details of interest with respect to the two loans from the Scottish Government to Ferguson Marine. Specifically, you requested information on:

1. Interest paid by Ferguson Marine on the £30 million loan from its inception until the company entered administration

2. Interest paid by Ferguson Marine on the £15 million loan from its inception until the company entered administration

3. Interest owed by Ferguson Marine on the £15 million loan when the company entered administration

4. Interest owed by Ferguson Marine on the £30 million loan when the company entered administration

Response

1. £0 2. £0 3. £15m loan accrued £4.4m of interest by 16 August 2019 4. £30m loan accrued £0.6m of interest by 16 August 2019

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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