The bank's chair says he expects to lose at least half of the investment made in Circularity Scotland.
The publicly-owned Scottish National Investment Bank agreed a £9m debt facility with Circularity Scotland in May 2022 to fund start-up costs for the administration of the deposit return scheme.
He added: "I'm sure that the losses will be in excess of over 50% but I hope that they are less than 100%." "We make all our decisions totally independent of the Scottish government," he said. "We are a fiercely independent institution.""I do not think that would be an appropriate course of action but we will look at all options that we have.
"But the kicker is they don't have the regulations for that, they can't tell me what those are," she told BBC Scotland."You can put together deposit return schemes without glass - there are a few of them in the world, it's not the best way to run a scheme but you can do that. "The investment decisions of the Scottish National Investment Bank are for them, they are independent of government," Ms Slater said.
"It is delayed now until 2025 because that is when the UK government say they will be able to get their scheme up and running."The scheme would have seen a 20p deposit added to the price of single-use drinks containers sold in Scotland.
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