Information

Funds paid by GFG Alliance linked to Lochaber guarantee: FOI release

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


Information requested

1) Any notification of the amount of money paid by GFG Alliance subsidiaries to its creditors linked to the Lochaber guarantee since 2016 to date. Please break this down by expected payment, received payment, and date of expected and received payment.

2) Please indicate whether any of the missed payments constitute a breach of the guarantee deal in place between the Scottish Government and GFG Alliance.

Response

1) It is not for the Scottish Government to confirm if GFG Alliance subsidiaries has paid any amount of money to its creditors – that would be for its creditors to confirm. However, the Scottish Government can confirm that no demand has been made under the Guarantee and Reimbursement Agreement with GFG Alliance.

2) There has been no call on the Lochaber guarantee and the Scottish Government. The Scottish Government will make appropriate disclosures in line with accounting standards through the publication of its annual accounts.

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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