Dear Brighton and Hove City Council,
The Council lent £36.2 Million to i360 Ltd in 2014/15. According to the Loan Agreement between i360 Ltd and Brighton and Hove Council, that private company (i360 Ltd) should be paying £1.85 Million per year to the Council as repayment for this loan:-
1. What amounts have the Council received as dedicated repayments from i360 Ltd for that loan in the following years - 2015/16; 2016/17; 2017/18; 2018/19; 2019/20; 2020/21?
2. What is the cumulative amount in repayments now owed to the Council from i360 Ltd?
(i.e. the difference between the £1.85 Million per year agreed payments and the actual repayments for that loan).
3. How is the additional £4 Million loan taken on by the Council from Coast to Capital for the i360 to be repaid?
4. What are the specific arrangements for repaying that additional amount of £4Million?
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