Question reference: S6W-26644
- 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, in light of it stating that the UK Government is responsible for the Deposit Return Scheme in Scotland not proceeding, which will reportedly result in an estimated loss of £9 million of public funding, whether, following the completion of the liquidation of Circularity Scotland, it will attempt to recover any such losses from the UK Government.
Answer
Operational decisions of the Scottish National Investment Bank are made independently of Scottish Ministers.
It would not be appropriate for the Scottish Government to recover losses resulting from investments made by the Scottish National Investment Bank. This would be a matter for the Bank.