Capital and revenue cost to date for taxpayers purchases: FOI release

Information requested

I would like to know the following. The capital and revenue cost to date for taxpayer purchases. Baby Boxes, Ferguson Ship Yard, Prestwick Airport and BiFab.

Response

Below is the information requested.

•  The costs associated with Prestwick Airport since being purchased by the Scottish Government are £47,077,447. This includes the loan funding provided to the business.
• The costs associated with Baby Boxes programme are displayed below.

Baby Boxes
Category	Total	Note
2016-17	189,929.71
2017-18	8,456,368.48
2018-19	8,704,115.39
2019-20	8,528,993
2020-21	8,325,233.22
Total	£34,204,639.80

• The costs associated with BiFab since the Scottish Government’s intervention are displayed below.
• £37,400,000 through loans and 32.4% equity stake. – Debt for equity
• £15,000,000 loan to support working capital.

BiFab
Category	Total	Note
2017-18 Administration and Legal Expenditure	155,899.53
2018-19 Administration and Legal Expenditure	385,724.29
2019-20 Administration and Legal Expenditure	477,679.29
2020-21 Administration and Legal Expenditure	801,740.30
Total	£1,821,043.41

• The costs associated with Ferguson Marine since the Scottish Government intervention are displayed below.

Ferguson Marine
Category	Total	Note
Administration		1
Running costs during Administration	6,088,264
Acquisition costs
Purchase of assets	7,543,857
Land and Buildings Transaction Tax	244,925
Crown Rent and Registration	7,415
Public Ownership
Gross expenditure – 2019-20	10,137,373
Gross expenditure – 2020-21	28,368,847
Total	£52,390,681

Notes
1. The purchase of certain assets of Ferguson Marine Engineering Limited (FMEL), in the sum of £7,543,857, was satisfied by being set-off against the sums owing by FMEL to the Scottish Ministers. As a result, the purchase of the business and certain assets was made at no additional cash cost to the Scottish Government.

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