Meeting of the Parliament 03 March 2026 [Draft]
We in the Net Zero, Energy and Transport Committee have heard that the underrecoveries for Ferguson Marine run at about £1 million a month. That is required just to keep the lights on, and there will be considerably larger costs to run the yard between now and when the contracts come on stream. Will the cabinet secretary confirm that the figure that was given to the Net Zero, Energy and Transport Committee—of costs of 20 to 25 per cent over and above the costs at any other yard—is what it would cost to award the vessels to Ferguson Marine? Effectively, she is ordering four boats, but she could have bought five somewhere else. Is that figure of 20 per cent no longer valid?