Question reference: S5W-35955
- Asked by: Dean Lockhart, MSP for Mid Scotland and Fife, Scottish Conservative and Unionist Party
- Date lodged: 10 March 2021
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Current status: Answered by Fergus Ewing on 19 March 2021
Question
To ask the Scottish Government what its maximum potential financial exposure is under guarantees and other contractual arrangements relating to the aluminium smelter in Fort William.
Answer
The Scottish Government publishes details of its financial assets and liabilities in the annual Consolidated Accounts. The annual revenues guaranteed under the Lochaber guarantee vary between £14 million and £32 million over the life of the contract. Further details of the guarantee exposure were shared with the Finance and Constitution Committee in confidence when it approved the guarantee in November 2016 but are not published for reasons of commercial confidentiality.