Gbp50m Rescue Package to Bail Out Scottish Enterprise Msps Expected to Help Agency Survive

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Summary

MINISTERS are today expected to agree to a GBP50m bail-out of Scottish Enterprise, the troubled economic development agency.

Nicol Stephen, enterprise minister, is due to reveal the figure when he updates a meeting of the Scottish cabinet.

Extract

Gbp50m Rescue Package to Bail Out Scottish Enterprise Msps Expected to Help Agency Survive

He is expected to say Scottish Enterprise will be given the extra money to help it survive a GBP34m overspend which managers ran up last y...