Current status: Answered by Gillian Martin on 17 March 2026
To ask the Scottish Government whether it considers it consistent with required financial practices and the finance manual for Scottish Enterprise to award a £1.8 million grant, with clawback provisions, to a company whose latest accounts show assets of around £131,000 and, if so, for what reason.
As the Scottish Government’s national economic development body, Scottish Enterprise is responsible for its own funding decisions.
For all grants provided, Scottish Enterprise is required to undertake rigorous due diligence on companies seeking funding to ensure compliance with Scottish Public Finance Manual (SPFM) standards https://www.gov.scot/publications/commercial-due-diligence-guidance/pages/4/. Requirements vary depending on the nature of the support and funding provided.