Public Works Loan Board loans

The request was partially successful.

Jamie Griffiths

Dear City of Edinburgh Council,

Please provide

1. For each individual PWLB loan, the amount borrowed and the annual rate, and amount of interest you pay

2. The average annualised rate, and full amount of interest you pay for all your PWLB loans as a PWLB loan portfolio

3. Have the rates of interest or repayment conditions on individual PWLB loans been retrospectively changed by HM Treasury? If so when? and how?

4. Where interest rates have been retrospectively changed by HM Treasury, how much additional interest is the council paying per annum as a result of these changes?

Yours faithfully,

Jamie Griffiths

Freedom of Information, City of Edinburgh Council

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City of Edinburgh Council

Mr Jamie Griffiths

Date: 04/03/2015

Our ref: 6820

Dear Mr Griffiths

Acknowledgement of Request

Subject: Public Works Loan Board loans

Thank you for your request for information of 04/03/2015 which was received on 04/03/2015. In your request you asked for the following;

"1. For each individual PWLB loan, the amount borrowed and the annual rate, and amount of interest you pay

2. The average annualised rate, and full amount of interest you pay for all your PWLB loans as a PWLB loan portfolio

3. Have the rates of interest or repayment conditions on individual PWLB loans been retrospectively changed by HM Treasury? If so when? and how?

4. Where interest rates have been retrospectively changed by HM Treasury, how much additional interest is the council paying per annum as a result of these changes?"

I can confirm that your request will be processed under the Freedom of Information (Scotland) Act 2002, Environmental Information Regulations (Scotland) 2004, or the INSPIRE (Scotland) Regulations 2009.

You will receive the information requested within 20 working days unless the Council does not hold the information, or there is a reason for it to be withheld. We will write to you in any event.

In some circumstances a fee may be payable and if that is the case we will let you know.

If you have any requirements regarding the format any information should be supplied in, e.g. the language to be used, audio, large print and so on, then please let me know.

If you have any queries or concerns, do not hesitate to get in touch. Please quote the reference number above in any future communications.

To promote transparency and accountability, please note it is the Council’s policy to publish all request details and responses made under the freedom of information legislation. This information will be made available through the Council’s website and will not include your personal details. The disclosure log is available at the following link: http://www.edinburgh.gov.uk/homepage/175....

Further information about your rights and accessing information is available on our website at: www.edinburgh.gov.uk

Yours sincerely,

Keira Adamson

Information Governance Unit
Level 2:1, Waverley Court, Edinburgh EH8 8BG Tel 0131 200 2340
[Edinburgh City Council request email] www.edinburgh.gov.uk

Information Compliance 3, City of Edinburgh Council

Mr Jamie Griffiths

 

Date: 27/03/2015

 

Our ref: 6820

 

 

Dear Mr Griffiths

 

Freedom of Information (Scotland) Act 2002 - Partial Release of
Information

 

Subject: Public Works Loan Board loans

 

Thank you for your request for information of 04/03/2015 where you asked
for information regarding Public Works Loan Board loans.  Your request has
been processed and considered under the Freedom of Information (Scotland)
Act 2002 and the information is provided below.

 

I have noted each part of your request with our response in turn:

 

1. For each individual PWLB loan, the amount borrowed and the annual rate,
and amount of interest you pay

The information requested is already publically available. The City of
Edinburgh Council's PWLB loans portfolio at 31 March 2014 is available on
the PWLB Website at the following link:
[1]http://www.dmo.gov.uk/index.aspx?page=PW.... The Council
has undertaken no PWLB borrowing this financial year.

2. The average annualised rate, and full amount of interest you pay for
all your PWLB loans as a PWLB loan portfolio

This can be calculated from the information on the PWLB Website. 

 

Under the terms of the Act, a request for information can be refused where
one or more of the exemptions listed in the Act apply. In this instance,
the Council is claiming an exemption under section 25 of the Act because
the information is ‘otherwise accessible’.

3. Have the rates of interest or repayment conditions on individual PWLB
loans been retrospectively changed by HM Treasury? If so when? and how?

There have been no change in the rate of interest on any individual PWLB
loan. The PWLB introduced a separate set of rates for the premature
repayment of debt with effect from 01 November 2007.

4. Where interest rates have been retrospectively changed by HM Treasury,
how much additional interest is the council paying per annum as a result
of these changes?

n/a

 

 

To promote transparency and accountability, please note it is the
Council’s policy to publish all request details and responses made under
the freedom of information legislation. This information will be made
available through the Council’s website and will not include your personal
details. The disclosure log is available at the following link:

http://www.edinburgh.gov.uk/homepage/175...

 

Your right to seek a review

 

I appreciate that our decision may disappoint you and I am sorry that we
have not been able to release all the information you requested on this
occasion. If you are unhappy with the way we have dealt with your request,
you can ask us to review our actions and decisions by writing to:

 

Head of Legal Risk and Compliance

The City of Edinburgh Council

Waverley Court Business Centre 2:1

4, East Market Street

Edinburgh

EH8 8BG or,

Email: legal.[Edinburgh City Council request email]

 

Please note that your request must be in a recordable format (email,
letter, audio tape etc.), and that you have 40 working days upon receipt
of this letter to ask for a review. You will receive a full response to
your review request within 20 working days of its receipt. Please quote
the reference number above in any future communications.

 

If you are not content with the outcome of the review, you can ask the
Scottish Information Commissioner to review our decision. You must submit
your complaint to the Commissioner within 6 months of receiving our review
response. The Commissioner can be contacted at:

 

The Office of the Scottish Information Commissioner

Kinburn Castle

Doubledykes Road

St Andrews

Fife

KY16 9DS

Telephone: 01334 464610

Fax: 01334 464611

Website www.itspublicknowledge.info

Email: [email address]

 

The Council’s Information Governance Unit is committed to providing an
efficient and helpful service. To help us identify areas where we can
improve, we would be grateful if you could complete a short customer
survey by following the link below. Your feedback is very much valued and
appreciated.

 

https://www.surveymonkey.com/s/FOICustom...

 

 

Yours sincerely

 

Vicky Robertson

Information Compliance Officer

 

Information Governance Unit

Level 2:1, Waverley Court, Edinburgh EH8 8BG Tel 0131 200 2340

[Edinburgh City Council request email] www.edinburgh.gov.uk

 

 

 

 

 

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References

Visible links
1. http://www.dmo.gov.uk/index.aspx?page=PW...