Interest owing Ferguson Marine loans: FOI release

Information request and response under the Freedom of Information (Scotland) Act 2002


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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