Date lodged: 25 September 2018
To ask the Scottish Government, further to the answer to question S5T-01217 by Derek Mackay on 18 September 2018 (Official Report, c. 7), what correspondence it has had with the (a) European Commission and (b) EU Directorate-General for Competition regarding the loan to Ferguson Marine.
Answered by: Derek Mackay 11 October 2018
Scottish Ministers have provided two commercial loan facilities to Ferguson Marine Engineering Limited. These were negotiated on fully commercial terms following appropriate due diligence and with the benefit of independent third-party verification. On this basis we concluded there was no state aid present in the loans provided to Ferguson Marine and, as per normal protocol, the Scottish Government has not corresponded with European Commission or EU Directorate-General for Competition in relation to the loans to Ferguson Marine.