In January, a damning report by Comptroller and Auditor General Karen McConnell found that £1.4 million of taxpayers’ money handed out to start-up businesses may never be recovered.
However, Chief Minister Ian Gorst said that that would be the ‘worst case scenario’ and that the likely figure lost could be much lower.
It comes after States chief executive John Richardson told a Scrutiny Panel that five of the six companies given loans were still operating, while one – software firm Logfiller – had entered administration.
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