Business Comment: Red Tape, Not Red Ink, Is at the Heart of Se's Troubles

Summary

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SCOTTISH Enterprise has shot itself in the foot too often for it to expect much sympathy for its misdemeanours, but the current row over its budget is in danger of escalating out of control.

Of course, it is in a no-win situation. When it is lavishing money on new programmes it is criticised for profligacy. When it cuts spending, it is accused of being in financial crisis. A case of damned if it does, damned if it doesn't.

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Business Comment: Red Tape, Not Red Ink, Is at the Heart of Se's Troubles

There is no evidence of a cash crisis at Scottish Enterprise, despite the current hullabaloo. It has drawn down GBP 30m from next year's budget to cover expenditure on projects this year - a sum approved by the Executive in January - and is unde...

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