Eastcheap Court
T 020 7862 6552
11 Philpot Lane
F 020 7862 6509
London
EC3M 8UD
www.dmo.gov.uk
Sent by email to
: request-282258-
xxxxxxxx@xxxxxxxxxxxxxx.xxx
29 July 2015
Dear Mr Norris,
Response to your Freedom of Information (FOI) request: FOI20150723
Thank you for your email of 23 July 2015. You have requested the following information under the
Freedom of Information Act 2000:
Can you please provide each "Public Works Loan" in date order that has been
provided by your board to Stoke on Trent City Council over the last 2 years upto the
Current date 23rd July 2015 and any requests that were refused, to include:
Method of Payment
Loan Type
Request Date
Advance Date
Loan Period (Years)
Final Payment
Amount Advanced
Current Balance
Interest Rate %
Periodic Instalment
Payment Frequency
Interest payable per year
The UK Debt Management Office’s (DMO’s) response is as follows:
The Public Works Loan Board (PWLB) is a statutory body operating within the DMO through which
central government channels loans to local authorities for capital spending. The PWLB have issued
one loan to Stoke on Trent City Council during the period in question. Details of this loan can be
found in the table below:
Method of Loan Type Request Advance
Loan
Final
Amount
Current
Interest
Periodic
Payment
Interest Payable
Payment
Date
Date
Period Payment Advanced
Balance
Rate (%)
Instalment Frequency
per year
EIP Loan* Fixed
17
19 March
23
19
£27,000,000 £27,000,000 2.47%
Bi-
19 March &
2.47%
March
2015
years
March
annually
19
2015
2038
September
*Equal instalments of principal (where each payment consists of a constant instalment of principal plus a diminishing amount of interest calculated on the
balance of principal then outstanding)
No requests for loans to Stoke on Trent City Council have been refused during the period in question.
For future reference, this information is available from the following page of the DMO website, under ‘England-Major Authorities’:
http://www.dmo.gov.uk/index.aspx?page=PWLB/PWLB_Audit_data
Yours sincerely
Records and Information Management Team
D 020 7862 6552
E
xxxxxxxxxxxxxxxxxxxxxxxx@xxx.xxx.xxx.xx
Your Rights to Complain under the FOI Act
If you are not content with the service you have received in relation to your request and wish to
make a complaint or request a review of our decision, you should write within two months of the
date of this letter to the Records Management Service, UK Debt Management Office, Eastcheap
Court, 11 Philpot Lane, London EC3M 8UD.
email -
xxxxxxxxxxxxxxxxxxxxxxxx@xxx.xxx.xxx.xx
If you are not content with the outcome of your complaint, you may apply directly to the Information
Commissioner for a decision. Generally, the ICO cannot make a decision unless you have
exhausted the complaints procedure provided by the DMO. The Information Commissioner can be
contacted at: The Information Commissioner’s Office, Wycliffe House, Water Lane, Wilmslow,
Cheshire SK9 5AF.