Response 3490514

Response to request for information

Reference

3490514

Response date

22 May 2024

Request

According to the borrowing and investment live table, as of 31 December 2023, the council’s outstanding investment in loans to other local authorities was £25,000,000. (Source: gov.uk statistical data sets)

In regards to the above figure, I would like to know:

For each individual loan given by the council:

1. The local authority/borrower name
2. The amount advanced (the initial amount)
3. The outstanding balance
4. The interest rate
5. The settlement date (the date the loan was agreed)
6. The agreed maturity date (the date on which the loan is set to end) ?

Response

The information can be found in Appendix table A of Agenda item 10, February’s Governance Scrutiny Group meeting.

Central Bedford Council

• £5,000,000
• Length of investment 92 days
• Interest - 5.30%

Moray Council

• £5,000,000
• Length of investment 365 days
• Interest - 5.00%

North Lanarkshire Council

• £5,000,000
• Length of investment 365 days
• Interest - 5.00%

Rushmoor Borough Council

• £5,000,000
• Length of investment 364 days
• Interest - 4.50%

Stockport Metropolitan Borough Council

• £5,000,000
• Length of investment 87 days
• Interest - 5.30%