Commenting on Audit Scotland's report on Ferguson Marine, Deputy
First Minister said:
“The Scottish Government is committed to helping Ferguson Marine
reach a position where it can competitively bid for a range of
projects and build a sustainable future.
“Officials have been working with the Board to explore options to
improve productivity and, as previously set out, we are willing
to invest up to £14.2 million over two years, subject to due
diligence and provided commercial standards are met.
“The draft 2025/26 Scottish Budget allocates £46 million to
Ferguson Marine for the completion of Glen Rosa and to cover the
yard's planned capital investment, subject to parliamentary
approval.
“While we are already working with Ferguson Marine to strengthen
governance arrangements, we note the Auditor General's report and
expect the Board to carefully consider the points it raises.”
Background
Financial support is provided to FMPG as part of the annual
Scottish Budget process. Therefore it is entirely normal that
funding is only set and provided for the year ahead.
The budget allocation represents planned expenditure and is
subject to change during the course of the financial year. There
are subsequent budget revisions in autumn and spring which
provide an opportunity to update Parliament on any changes to
budget allocations.
The decision to terminate employment or commercial contracts is
an operational matter for Ferguson Marine.
Audit Scotland report.
