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Information request and response under the Freedom of Information (Scotland) Act 2002.
FOI reference: FOI/19/00841 Date received: 23/03/2019 Date responded: 18/04/2019
"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?
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.
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
Please quote the FOI reference
Central Enquiry Unit
Phone: 0300 244 4000
The Scottish Government
St Andrew's House