Publication - FOI/EIR release

Loans to Our Power Community Benefit Society Ltd update: FOI release

Published: 24 Apr 2019

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

Published:
24 Apr 2019
Loans to Our Power Community Benefit Society Ltd update: FOI release
FOI reference: FOI/19/00841  
Date received:  23/03/2019
Date responded: 18/04/2019
 
Information requested:

"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."

I would be grateful for an update on the status of these loans. How much, if any, do you anticipate being able to recover?

And how much will be written off in your accounts for the year ended 31 March 2019?

 
Response

The answer to your questions are that:

The Scottish Government does not have an estimate for the final value of the recovery.  The final amount recovered will be subject to the outcome of the ongoing administration of Our Power Community Benefit Society Ltd. and its’ subsidiary Our Power Energy Supply Limited.

The Scottish Government has not yet determined the amount of a write off to be included in the 18-19 accounts.

 
About FOI
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Contact

Please quote the FOI reference
Central Enquiry Unit 
Email: ceu@gov.scot
Phone: 0300 244 4000
 
The Scottish Government 
St Andrew's House 
Regent Road 
Edinburgh 
EH1 3DG