Publication - FOI/EIR Release

Amount of money paid to Our Power and for what purpose: FOI release

Published: 21 Mar 2019

Information request and response under the Freedom of Information (Scotland) Act 2002.

Published:
21 Mar 2019
Amount of money paid to Our Power and for what purpose: FOI release
FOI reference: FOI/19/00531
Date received: 21 Feb 2019
Date responded: 20 Mar 2019
Information requested

 

Can you please tell me how much money was paid to the firm "Our Power" by the Scottish Government and for what purpose (eg loans, equity investment, other transactions)?

 

Response

 

The Scottish Government provided three loans to Our Power Community Benefit Society Ltd. in 2015, 2017 and 2018. The total value of the loans was £9,050,000.00 and this was drawn down by the company as 15 payments over four years.  The purpose of these loans was to enable the development and expansion of the business.  We do not have any record of any other payments being made to Our Power by the Scottish Government.

 

About FOI

The Scottish Government is committed to publishing all information released in response to Freedom of Information requests. View all FOI responses at http://www.gov.scot/foi-responses.

Contact

Please quote the FOI reference
Central Enquiry Unit
Email: ceu@gov.scot
Phone: 0300 244 4000

The Scottish Government
St Andrews House
Regent Road
Edinburgh
EH1 3DG