Spotted first by @BBCandrewpicken + @BBCDouglasF important financial figures: Scottish Government has "substantially reduced" value of £140 million-worth of loans and guarantees to private companies, according to financial watchdog @AuditScotland
Loans totalling £45m to Ferguson Marine Engineering Limited (FMEL), building two new @CalMacFerries, were reduced in value to NIL at the end of the financial year "due to the shipyard's financial difficulties".
£37.4m stake in wind-farm engineering firm Bi-Fab reduced to £2 million "to reflect expected losses"
£39.9m loan to Prestwick Airport reduced to £6.9m
£21.4m fee for providing financial guarantees to Lochaber Aluminium Smelter reduced to nil "to reflect new accounting standards"
Scottish government ministers, led by @NicolaSturgeon, have given these loans and guarantees to keep these businesses running, and save jobs. Given these substantial reductions they will undoubtedly be asked if they have been a good use of taxpayers money?
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