Eric Trump is in Scotland today to talk up the success of the Trump Organisation's golf resorts here. I was due to interview him, but it's been cancelled. Since their inception, Trump's Scottish firms have run up losses of £41.45m, and remain reliant on £107m in loans.
Actually, the £107m in loans relates only to Turnberry's parent firm. The real figure is £148.9m, and that's discounting the Trump Org's smaller subsidiaries in Scotland.
To those who say Trump $ is good for Scotland - since its incorporation 14 years ago, Trump International Golf Links has paid £0 in corporation tax. Turnberry has a £8.5m deferred tax asset that’s not recognised because “there is no certainty of taxable profits in the future.”
One final observation. The Trump Org has always said it's never used external financing for its Scottish projects. Why, then, did @realDonaldTrump try - and fail - to secure a £23m mortgage and £15m loan from the Bank of Scotland?/This is from a letter he wrote to the bank: 
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