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Trump’s company to invest £150m more in Scotland

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Trump's company to invest £150m more in Scotland

Donald Trump owns quite a lot of golf courses and two of them are located in Scotland. The development of the resort in Balmedie is seeing resistance from some local people and environmentalists alike.

The Trump Organisation invested £100m in the first phase of development and has pledged £750m of investment in total, with plans of making 500 homes, 50 hotel cottages and a sports centre along with retail, equestrian and commercial spaces at the Balmedie resort in addition to other leisure facilities.

Eric Trump, the President’s son and in-charge of the Organisation said, ” Initial interest to our plans have been incredible and, subject to detailed planning approval, we are aiming to break ground next year.”

Protests and Trump have had a long history and we do not think that these protests will ever get his eyes and ears too. But to give a perspective and history of the situation it’s important to know that Trump’s loans to his resorts increased to the tone of £150m after their losses accelerated, partly because of the oil price crash and currency costs.

Trump International Golf Links Scotland lost nearly £1.2m in 2016, forcing Trump to increase his interest-free loans to nearly £41m. So going ahead with the project along with a high-level protest from the locals is surely alarming for the already loss-making venture.

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