The Ferguson shipyard is bought by the Scottish government. Ministers will now operate the yard under a management agreement with administrators Deloitte. The Scottish government wil buy the facility if no private buyer is found within four weeks. McColl, who could not persuade ministers to pay more than the £97m contract price for the disputed ferries, will no longer own the yard. The agreement means work on the CalMac ferries, and other contracts, can continue while efforts to find a commercial buyer get under way. Finance Secretary Mackay:
We have always been clear that we want to complete the vessels, secure jobs and give the yard a future. Public control will provide much-needed continuity of employment now and ensure the completion of the ferry contracts at the lowest possible cost to the taxpayer. It is absolutely essential that the outstanding contracts to build these two ferries are completed. [Putting the company into administration’ was not an outcome I was willing to consider.