£9m recycling company loan 'could be lost'
Daily Record|June 22, 2023
Investment banker fears the worst
- REBECCA MCCURDY
£9m recycling company loan 'could be lost'

THE chairman of Scotland's state-owned investment bank has conceded that the full £9million loan given to Circularity Scotland could be lost as the firm is forced into administration.

The Scottish National Investment Bank (SNIB) used taxpayer cash to invest in the firm set up to run the deposit return scheme (DRS).

Willie Watt told MSPs a "significant" sum of the loan could be lost, before admitting the bank faces losing its full investment. He said: "It's fair to say there will be significant losses on the loan that we have made to Circularity Scotland.

この蚘事は Daily Record の June 22, 2023 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は Daily Record の June 22, 2023 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。