Written Question · S3W-25612 · Session 3
What assistance will be given to Highland Hospice following the loss of £700,000 cash deposits in Kaupthing, Singer and Friedlander (KSF).
The question
To ask the Scottish Executive what assistance will be given to Highland Hospice following the loss of £700,000 cash deposits in Kaupthing, Singer and Friedlander (KSF).
The answer
As an independent voluntary organisation, the Highland Hospice receives funding for services provided to NHS Highland. This funding is unaffected by the current economic downturn. Any financial loss suffered by Highland Hospice as a consequence of investing with Kaupthing, Singer and Friedlander will require to be pursued by the hospice management, with the bank''s administrators. The Scottish Government is unable to provide assistance to recoup financial losses suffered by Highland Hospice as a consequence of investing with Kaupthing, Singer and Friedlander.
In the Official Report
No contribution in the Official Report cites S3W-25612 by reference.