A TROUBLED Scottish shipyard will be nationalised after ministers failed to find a buyer.

SNP Finance Secretary Derek Mackay announced today that the Scottish government is “ready and willing to take Ferguson Marine into public ownership.” He said the move would “secure the continued employment of the workforce in the yard” and make sure ferries ordered by the state-owned CalMac were delivered.

Last week bosses at the yard served notice of their intent to put the Port Glasgow yard into administration with about 350 jobs at risk.