Loan to Ferguson Marine announced in June 2018: FOI release

FOI reference: FOI/18/02035
Date received: 17 August 2018 
Date responded: 23 August 2018
 
Information requested

A series of questions relating to the loan facility provided by the Scottish Government to Ferguson Marine Engineering Limited (FMEL) as announced on 27 June 2018. You asked 5 questions as follows:

1. The exact amount the Scottish government loaned to "Fergusons marine" anounced in june 2018.

2. The interest rate of that loan.
3. The terms and condition of the loan.

4. The information that would include what the money was ring fenced for? It was described as diversification funding.

5. What is diversification classed as in the terms and conditions.

Response 

I enclose a copy of some of the information you requested. While our aim is to provide information whenever possible, in this instance we are unable to provide some of the information you have requested because exemptions under sections of FOISA apply. The reasons why these exemptions apply are explained below.

Reasons for not providing information

Exemptions apply, subject to the public interest test.

An exemption under section 33 (1(b)) of FOISA applies to some of the information you have requested because it relates to commercial information that may prejudice the company.
This exemption is subject to the 'public interest test'. Therefore, taking account of all the circumstances of this case, we have considered if the public interest in disclosing the information outweighs the public interest in applying the exemption. We have found that, on balance, the public interest lies in favour of upholding the exemption.

About FOI

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FOI-18-02035 - related documents

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