- Requested on
- Fri 11th July, 2014
- FOI 4680
- Information provided
I wondered if you could kindly supply me with details of the following:
1. The total amount the council has paid in loans to commercial and residential property developers for development schemes within its jurisdiction, broken down over the past five financial years (2009/10, 10/11, 11/12, 12/13, 13/14).
2. The total number of loans, broken down over the same years as above.
3. Returns on the loans/expected returns.
4. Details on each individual loan – size of loan; what scheme it applied to; type of scheme (residential, retail, office, industrial, mixed-use); the developer involved; jobs created.
This is not a witch-hunt, waste of taxpayers’ money-type story. On the contrary, it is a story on how council loans have helped developers get their schemes off the ground (particularly during the recession) thus benefiting the local economy, creating jobs.
No loans have been provided by our Planning and Regeneration service.