Publication - FOI/EIR release

Capital and revenue cost to date for taxpayers purchases: FOI release

Published: 19 May 2021

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

Published:
19 May 2021
Capital and revenue cost to date for taxpayers purchases: FOI release
FOI reference: FOI/202100186560
Date received: 5 Apr 2021
Date responded: 29 Apr 2021
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
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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 Andrews House
Regent Road
Edinburgh
EH1 3DG