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Scottish Tourism Site loses £4M of taxpayers money

Scottish Tourism Site loses £4M of taxpayers money

SCOTLAND’S?official?tourism body was mauled by MSPs yesterday after it was revealed it had lost £4million of public ­money on a failed website. A damning Holyrood Audit Committee report said VisitScotland.com had made cumulative losses of £12.4million in its first five years, despite predictions it would make a £1.5million-a-year profit after that time.

The involvement of several other?shareholders,?including private?firm?E-Tourism,?which set up and operated the system, limited VisitScotland‚Äôs power to make changes, the report said. But the committee was ‚Äúconcerned‚ÄĚ by the tourism body‚Äôs failure to act more quickly once the losses became evident.

The MSPs were also ‚Äúdisappointed‚ÄĚ to find no external financial advice was taken before VisitScotland entered into partnerships with private sector investors. They said it thought ‚Äúit might have been possible for VisitScotland to secure its initial aims at less cost to the public purse by adopting a different approach at the outset‚ÄĚ.

URL: http://www.hackinthebox.org/index.php?name=News&file=article&sid=31323

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