Donald Trump's Scotland golf resorts lost more than $8 million in 2020

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Donald Trump's Scotland golf resorts lost more than $8 million in 2020
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Both of former president's resorts suffered substantial losses despite receiving millions in government grants, according to financial reports filed recently.

reported that a subsidiary company, SLC Turnberry Ltd., made further claims for government grants of between £435,000 and £1.1m from January to August this year, citing government data not included in the published records.

"Government support was helpful to retain as many jobs as possible, however uncertainty of the duration of support and the pandemic's sustained impact meant that redundancies were required to prepare the business for the long term effects to the hospitality industry," Eric Trump said in the report. Nevertheless, Eric Trump said in the report that the business"continues to rank highly in the world golf rankings and plays an important part in the global Trump portfolio.'

"The UK Government Furlough Scheme was helpful to retain as many jobs as possible, and the majority of employees were reinstated over the course of the year," the report said. Trump International Golf Club Scotland Limited received about $605,000 from the scheme in 2020, according to the company's financial statements.according to the BBCThe average number of employees at the resort fell from 84 in 2019 to 63 in 2020, according to the records.

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