Loans to Renaker by the GM Housing Investment Loans Fund

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Dear Greater Manchester Combined Authority,

I'm interested in the relationship between the GM Housing Investment Loans Fund and the Manchester developer Renaker.
Please can you tell me:

1) the total value of loans committed to Renaker by the fund?
2) How much has been repaid?
3) the terms of the loans -- the time period and interest rate
4) Renaker's loans as a percentage of all loans

Also, does the fund, or a GMCA committee, file annual reports/accounts on the fund detailing its performance? I've been unable to find this on the GMCA website.

I look forward to hearing from you.

Yours faithfully,

james graham

Greater Manchester Combined Authority

[1]GMCA logo
 
Dear Mr Graham
 
Freedom of Information Act 2000
 
Thank you for your request for information which was received by us on 31
March 2023, regarding 
I'm interested in the relationship between the GM Housing Investment Loans
Fund and the Manchester developer Renaker.
Please can you tell me:
1) the total value of loans committed to Renaker by the fund?
2) How much has been repaid?
3) the terms of the loans -- the time period and interest rate
4) Renaker's loans as a percentage of all loans
Also, does the fund, or a GMCA committee, file annual reports/accounts on
the fund detailing its performance? I've been unable to find this on the
GMCA website.
 
We are processing it in accordance with the Freedom of Information Act
2000. 
 
We aim to respond as soon as possible and no later than 20 working days (3
May 2023) following the date of receipt. If the timescale needs to be
extended you will be notified of this.
 
The Freedom of Information Act 2000 may restrict the release of some or
all of the information you have requested. We will carry out an assessment
and if any exemptions apply to some or all of the information then we
might not provide that information to you. We will inform you if this is
the case and advise you of your rights to request an internal review and
to complain to the Information Commissioner's Office.
 
If you have any queries or concerns then please do not hesitate to contact
us, quoting your reference number.
 
Yours sincerely,
 
Information Governance Team
Greater Manchester Combined Authority
[email address]
 
NOTE: Please do not edit the subject line when replying to this email.

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Greater Manchester Combined Authority

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[1]GMCA logo
Dear Mr Graham
 
Thank you for your request for information received on 31 March 2023.
 
Please find attached our response to your request.
 
Yours sincerely,
 
Information Governance Team
Greater Manchester Combined Authority
[email address]
 
NOTE: Please do not edit the subject line when replying to this email.

══════════════════════════════════════════════════════════════════════════

This email is confidential and intended solely for the use of the
individual to whom it is addressed. Any views or opinions present are
solely those of the author and do not necessarily represent those of the
Greater Manchester Combined Authority (GMCA). The contents of this email
and any replies to this email may be required to be disclosed under The
Freedom of Information Act. If you are not the intended recipient, be
advised that you have received this email in error and that any use,
dissemination, forwarding, printing, or copying of this email is strictly
prohibited. If you have received this email in error can you please delete
it and notify the sender by telephone on 0161 778 7000. GMCA has made
every effort to ensure attachments are free from viruses. However, neither
the Authority nor the sender accepts any responsibility for viruses and it
is your responsibility to scan any attachments.

══════════════════════════════════════════════════════════════════════════

References

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Dear Greater Manchester Combined Authority,

Thanks very much for the response to my inquiry. Please could I clarify one point about Renaker's loans as a proportion of all loans. I take it the 50% is a proportion of the overall value, rather than the number of loans?
Apologies, I should've been clearer with my question.

Yours sincerely,

james graham

Greater Manchester Combined Authority

Dear Mr Graham,
 
We can confirm it is proportion of the overall value.
 
Yours Sincerely, 

Information Governance Team
Greater Manchester Combined Authority

══════════════════════════════════════════════════════════════════════════

Dear Greater Manchester Combined Authority,

Thanks very much for the response to my inquiry. Please could I clarify
one point about Renaker's loans as a proportion of all loans. I take it
the 50% is a proportion of the overall value, rather than the number of
loans?
Apologies, I should've been clearer with my question.

Yours sincerely,

james graham

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