Question reference: S6W-12641
- Asked by: Murdo Fraser, MSP for Mid Scotland and Fife, Scottish Conservative and Unionist Party
- Date lodged: 29 November 2022
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Current status: Answered by Lorna Slater on 9 December 2022
Question
To ask the Scottish Government what due diligence was done into the financial health of Recycling Technologies prior to a reported award of £1.7 million in public funds from Zero Waste Scotland in 2018.
Answer
I am aware that Recycling Technologies Ltd. and Group Plc, which are involved in the Scottish recycling project, Project Beacon, have recently gone into administration.
Zero Waste Scotland awarded Recycling Technologies £1 million on 24 August 2017 as part of the Circular Economy Investment Fund. There is a two-stage application process for this Fund. Each stage includes financial due diligence including a credit check at stage 1 and commercial review at stage 2.
Given the ongoing administration process, it would be inappropriate to comment further on this matter at this stage.