Scottish Government ministers 'squandered' £200m on nationalising shipyard

United States News News

Scottish Government ministers 'squandered' £200m on nationalising shipyard
United States Latest News,United States Headlines
  • 📰 Daily_Record
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 89%

Jim McColl has written to the Holyrood committee probing the Glen Sannox and the as-yet unnamed hull 802 following Nicola Sturgeon's evidence earlier this month.

Scottish Government ministers have "squandered" £200 million of taxpayers' money on nationalising a shipyard firm at the centre of the current ferry fiasco, its former owner has claimed.

McColl claims the government rejected a call from Ferguson Marine Engineering Limited and Transport Scotland for an Independent Expert Determination to help with the costs. He says it could have saved £200m. FMEL managers accused the government after it fell into administration that it had no intention of leaving it in private ownership while warning nationalisation would subject them to EU state aid laws. Ferguson Marine was nationalised in 2019.

"If the Government had received an independent opinion confirming it was legal, and accepted the proposal it would have saved at least £200 million of taxpayers money.Scottish Conservative Shadow Transport Minister Graham Simpson said Jim McColl's letter to the committee is a "damning indictment" of the government's handling of the situation.

"Mr McColl says that the First Minister can have been in no doubt about the urgency of the situation when he approached her. We should immediately see the minutes of that meeting, to clear up this murky business.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Daily_Record /  🏆 9. in UK

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Two energy storage firms win £14m for new technologiesTwo energy storage firms win £14m for new technologiesScottish companies Sunamp and StorTera have been awarded the cash from a UK government competition.
Read more »

Businessman set to receive £200m jailed after sickening attackBusinessman set to receive £200m jailed after sickening attack'Where is he - where does he live?' Trio 'looking for information' after attack storm home and beat man bloody
Read more »

Tears at synagogue before it's demolished for Gary Neville's £200m developmentTears at synagogue before it's demolished for Gary Neville's £200m developmentThe 70-year-old building is due to be demolished to make way for a 41-storey tower and five-star hotel backed by Gary Neville
Read more »

Dad takes son almost 500 miles to Scottish Highlands for teen's driving testDad takes son almost 500 miles to Scottish Highlands for teen's driving testPaul Miller, from West Yorkshire, had a flood of well-wishers praise him after posting about the trip with son Fin to sit his third test.
Read more »

Two pensioners dead after Scottish Borders crash as cops launch probeTwo pensioners dead after Scottish Borders crash as cops launch probeA 90-year-old man and 79-year-old woman were pronounced dead at the scene after emergency services were called to the A7 between Galashiels and Selkirk on Saturday afternoon.
Read more »

Home Office hampering potential of Scottish hemp farmers, experts sayHome Office hampering potential of Scottish hemp farmers, experts saySCOTLAND’S hemp industry is being hampered by excessive regulation, according to industry experts.
Read more »



Render Time: 2025-03-09 23:47:58