The Scottish Government considered taking Burntisland Fabrications (BiFab) into state ownership but ruled it would not be lawful, the Economy Secretary has said.
Fiona Hyslop told MSPs that ministers have ruled out nationalising the struggling firm and they “can no longer lawfully support the company financially”.
A £2bn deal collapsed for BiFab to manufacture eight wind turbine jackets at its yard in Methil, Fife, as part of the Neart Na Gaoithe (NnG) project.
BiFab, which also has yards in Burntisland and Lewis, had to be rescued by the Scottish Government in 2017, with the company then acquired by Canada-based JV Driver in April 2018.
The Scottish Government, which remains a minority shareholder, has reportedly been offered JV Driver’s shares at no cost but Hyslop insisted public ownership would be unlawful under state aid rules.
During a debate in Parliament on BiFab, she said: “I have considered all legal options