The minister in charge of Scotland’s Deposit Return Scheme (DRS) could not say if funding for it from the Scottish National Investment Bank (SNIB) will be returned after the firm set up to run the recycling initiative called in administrators.
Circularity Scotland received £9m from the SNIB, but Lorna Slater said that as it is independent of the Scottish Government, ministers have no say in what will happen to the cash.
In evidence to the Economy and Fair Work Committee on Wednesday, SNIB chair Willie Watt told MSPs a “significant” sum of the loan could be lost, before admitting the bank faces losing its full investment.
