
Charlotte Wright, HIE chief executive, said:
"Both Audit Scotland and the Scottish Government have now carried out thorough investigations of HIE’s decision to appoint Natural Assets Investments Ltd (NAIL) and of the period when they ran operations at Cairngorm.
"We welcome these findings, which provide a valuable insight into an extremely challenging set of circumstances for Cairngorm and for HIE.
"Their conclusions support the view that HIE acted correctly and professionally throughout this period.
"The reports also make important recommendations, including measures to assess and manage key risks. We have already taken these points on board and put new processes in place to provide additional safeguards, while recognising that intelligent risk-taking plays an essential role in economic development.
"We are now focused on finalising the full business case that will determine next steps to deal with the funicular, and engaging with stakeholders to create a long-term Cairngorm masterplan.
"This will aim to protect and enhance the natural environment and develop the mountain’s potential as a major Scottish centre for sport, leisure and education and a key driver of the local economy in Strathspey and Badenoch."
The Audit Scotland announcement is available here.
Related Articles
Contract awarded for design works at Inverness Campus
Architects have been appointed by Highlands and Islands Enterprise (HIE) to deliver design and consultancy services for a new phase of development at Inverness Campus.
Orkney investment boosts results for HIE in 2024/25
More than £7m was invested by Highlands and Islands Enterprise (HIE) in Orkney during 2024-25.
Argyll and Islands investment boosts HIE outturns
Support provided for projects in some rural and island locations contributed significantly to overall results.
Public partnership signed to accelerate clean energy transition
HIE and GBE will work together to identify areas of shared priorities and maximise benefits in the region
Island investment boosts HIE outturns for 2024/25
HIE figures show strong outturns against key targets during 2024/25.
Highlands and Islands projects awarded Scottish Land Fund support
A pub in Glenuig, a historic church in Tain and a shop in Glenelg are among projects that have been supported in the latest round of funding by the Scottish Land Fund (SLF).
Renewable energy firm ENERCON welcomed to Wick Business Park
Highlands and Islands Enterprise (HIE) developed the units in response to local demand.
New recruits at HIE Caithness and Sutherland team
HIE’s Caithness and Sutherland office relocated from its High Street office to the UHI North West and Hebrides College campus in Thurso last year.
Employee welfare champion marks 50 years service
An Inverness woman has been celebrated by colleagues on reaching her 50th anniversary in public service.
Island resilience fund opens
HIE will manage the fund on behalf of Scottish Government.