Question reference: S5W-33058
- Asked by: Dean Lockhart, MSP for Mid Scotland and Fife, Scottish Conservative and Unionist Party
- Date lodged: 5 November 2020
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Current status: Answered by Fiona Hyslop on 10 November 2020
Question
To ask the Scottish Government what its total financial investment and contingent liabilities are in relation to BiFab.
Answer
The Scottish Government invested £37.4 million through a combination of equity and loan facilities in 2017 and subsequently converted this to a 32.4% minority equity stake in BiFab. A separate loan facility of £15 million has also been provided to support working capital. There has been no call on the contingent liabilities previously approved by the Finance Committee, which are commercially confidential.