Question reference: S6W-26645
- Asked by: Fergus Ewing, MSP for Inverness and Nairn, Scottish National Party
- Date lodged: 3 April 2024
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Current status: Answered by Mairi McAllan on 30 April 2024
Question
To ask the Scottish Government, further to the oral evidence by representatives of the Scottish National Investment Bank (SNIB) to the Economy and Fair Work Committee on 21 June 2023, what information it has on when the loan of £9 million from SNIB to Circularity Scotland was drawn down, including what sums were paid to Circularity Scotland by SNIB and on what dates, and whether it will publish any documents that it has on this matter, including any correspondence that it has had with SNIB regarding any such payments and the loan generally.
Answer
The Scottish Government has routine and regular discussions with the Scottish National Investment Bank on a range of matters. However, the Bank makes independent decisions on individual investments and the terms attached to those investments following extensive due diligence and risk assessment in line with other commercial investors and other development banks. Scottish Ministers and officials have no role in those decisions and/or the relationship between the Bank and the businesses in which it invests. The Scottish Government therefore does not hold information on when the loan to CSL was drawn down.