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SCOTTISH GOVERNMENT SEEKS NATIONALISATION PLAN FOR FERGUSON YARD

Tuesday, August 13, 2019 

The Scottish Government’s Economy Secretary Derek Mackay has said the Government is now ready to take the Ferguson Marine shipyard, which is going through the process of administration, into public ownership.

He said this was to keep the yard open in order to preserve the jobs of its 350-strong  workforce, and to complete two dual-fuel hybrid ferries under construction for CalMac. The way is still open, however, for other investment.

The yard's current owner, Clyde Blowers Capital, controlled by businessman Jim McColl, which rescued Ferguson from administration five years ago, has been in dispute with the governent , blaming it for the current precarious situation, and referring to its previous actions as an "abuse of power".

The government is reported to have written to Ferguson Marine, hoping that directors and creditors “recognise the importance of completing that transfer as quickly and smoothly as possible”. CEO of Ferguson, Gerry Marshall, is said to be in favour of working with the government to achieve a positive outcome for the yard and its employees.

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