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National investment bank loses £8m on bottle return scheme

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The financial hit made up the majority of the state-owned bank's £14.6m losses in the past year.

The firm set up to run Scotland's recycling scheme was put into administration last yearbottle deposit return schemeThe hit made up the majority of the state-owned bank's £14.6m losses in the past financial year.Deputy First Minister Kate Forbes said the operating profit and increased income indicated "a strong performance and increasingly promising future".

It called in administrators in June last year following the decision to delay the deposit return scheme to bring it in line with a planned date for a UK-wide scheme.- said she had no choice but to delay the deposit return scheme until 2025 because UK ministers had excluded glass.from March 2023 reported it was fraught with problems months before the UK government halted it.

"These are long-term goals and we are operating in a challenging macroeconomic environment, which makes our progress all the more significant."

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