Scottish Enterprise offered Swipii Labs Ltd. a Regional Selective Assistance (RSA) grant in 2016.
While the initial RSA grant offer was for £500,000 this was subsequently reduced to £350,000 and paid in four instalments throughout 2017.
There were several ongoing conditions attached to the Grant Agreement, with the company due to retain project assets and jobs until October 2021 and October 2022 respectively.
Swipii Labs Ltd. has since gone into liquidation. Scottish Enterprise is entitled to claim all the grant back as an unsecured creditor in a liquidation. A claim was lodged to recoup the £350,000 RSA grant on 8 March 2022.
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