Publication - FOI/EIR release

State aid issues surrounding loans to Ferguson Marine: FOI release

Published: 17 Oct 2018

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

Published:
17 Oct 2018
State aid issues surrounding loans to Ferguson Marine: FOI release
FOI reference: FOI/18/02667
Date received: 26 September 2018  
Date responded: 17 October 2018
 
Information requested
 
You asked the Scottish Government to provide all relevant documentation including emails/correspondence and any other information source that will provide a narrative to prove beyond doubt that the Government has applied for EU exemption for these transactions [loan facilities provided to Ferguson Marine] aand that the European Union has approved, unconditionally, that such transactions are not subject to state aid regulations as agreed by the relevant Treaty.
 
Response
 
Scottish Ministers have provided two commercial loan facilities to Ferguson Marine Engineering Limited. Both loan facilities were negotiated on fully commercial terms following detailed due diligence and with the benefit of independent third-party verification. On this basis we concluded there was no state aid present in the loan facilities provided to Ferguson Marine.
 
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Contact

Please quote the FOI reference
Central Enquiry Unit 
Email: ceu@gov.scot
Phone: 0300 244 4000

 
The Scottish Government 
St Andrew's House 
Regent Road 
Edinburgh 
EH1 3DG