Written Question · S6W-06330 · Session 6
Further to the answer to question S6W-05610 by Michael Matheson on 17 January 2022, whether Scottish Water is the only shareholder in Scott…
The question
To ask the Scottish Government, further to the answer to question S6W-05610 by Michael Matheson on 17 January 2022, whether Scottish Water is the only shareholder in Scottish Water Business Stream Holdings Ltd; whether Scottish Water Business Stream Holdings Ltd is the only shareholder in Scottish Water Business Stream, and whether the £10 million equity obtained in Scottish Water Business Stream by Scottish Water Business Stream Holdings Ltd was in effect a grant to strengthen the balance sheet of Scottish Water Business Stream.
The answer
Scottish Water is the only shareholder in Scottish Water Horizons Holdings Ltd, Scottish Water Horizons Holdings Ltd is the only shareholder in Scottish Water Business Stream Holdings Ltd and Scottish Water Business Stream Holdings Ltd is the only shareholder in Scottish Water Business Stream Ltd.
The £10m of equity invested by Scottish Water Business Stream Holdings Ltd in Scottish Water Business Stream Ltd (SWBS) was part of the precautionary funding facilities which were put in place for SWBS during 2020-2021 in response to the Covid-19 pandemic and will be eligible to receive future dividends from Scottish Water Business Stream Ltd.
The £10m of equity invested by Scottish Water Business Stream Holdings Ltd in Scottish Water Business Stream Ltd (SWBS) was part of the precautionary funding facilities which were put in place for SWBS during 2020-2021 in response to the Covid-19 pandemic and will be eligible to receive future dividends from Scottish Water Business Stream Ltd.
In the Official Report
No contribution in the Official Report cites S6W-06330 by reference.