Sale of shipyard could go through in month

The sale of shipyard Ferguson Marine to the Scottish Government could be complete in the next month.

An update from administrators said there had been three other offers for the Inverclyde site but the sale to the Scottish Government represents the best outcome for creditors.

Scottish ministers and administrators are in talks to complete the sale, expected to be finalised in the next four weeks.

Economy Secretary Derek Mackay said: “We have always been clear that we want to complete the vessels, secure jobs and give the yard a future.

“Administrators have concluded that despite other bids being

“I will be there on Monday to meet the workforce”

submitted for the yard, the Scottish Government’s offer presents the best outcome for creditors.

“I will be there on Monday to meet with the excellent workforce and reiterate the Scottish Government’s commitment to achieving the best possible outcome.

“Our actions have ensured that there will be a future for Ferguson’s.”

Scottish Conservative transport spokesman Jamie Greene said: “This is potentially disastrous news for Scotland’s shipbuilding industry.

“After minimal effort in trying to find a buyer it appears the SNP has thrown in the towel, leaving the future of our shipbuilding industry in question.

“The SNP has no idea how much public ownership will cost the taxpayer, no clue how public ownership affects its ability to bid for work, and has offered no guarantees that we will see new ferries any time soon.”