Manx National Heritage's Consolidated Loan Fund for Capital Projects

Summary

The request sought details on Manx National Heritage's loan capacity, period, and interest rates from the Treasury for the 2024/25 financial year. The Treasury withheld the information, citing that it is already reasonably accessible in the published 2024-25 Budget document.

Key Facts

• The requested information regarding loan amounts, periods, and interest rates is contained in the 2024-25 Budget (Pink Book).
• Specific loan details for Manx National Heritage are located in Table 19B on page 42 of the budget document.
• The interest rate applicable for the 2024/25 financial year is found in section 8, paragraph 6, on page 38.
• The request was received on 7 January 2025 and amended on 29 January 2025.
• The response was issued on 3 February 2025 under reference number 4345933.

Data Disclosed

• 2024/25
• 7 January 2025
• 29 January 2025
• 3 February 2025
• 4345933
• Table 19B
• page 42
• column C5
• section 8
• page 38
• section 20

Exemptions Cited

• Section 20 of the Freedom of Information Act 2015 (Information reasonably accessible)

Original Request

1. The total amount Manx National Heritage are able to loan from Treasury in the current financial year (2024/25) 2. The period of the above loan 3. The rate of interest of the above loan, up until the date of your request 

Data Tables (1)

Full Response Text

Freedom of Information
Seyrsnys Fysseree

The Treasury Government Office,
Douglas Isle of Man, IM1 3PU

Telephone: (01624) 685605 Email: FOI.Treasury@gov.im

Government Website: www.gov.im

Our ref: 4345933 03 February 2025

Dear ###

We write further to your request, received 7 January 2025 and amended on 29 January 2025, which states:

"1. The total amount Manx National Heritage are able to loan from Treasury in the current financial year (2024/25) 2. The period of the above loan 3. The rate of interest of the above loan, up until the date of this request "

Our response to your request is as follows:

While our aim is to provide information whenever possible, under section 20 of the Act, we are not required to provide information in response to a request if it is already reasonably accessible to you, whether free of charge or on payment of a fee. All the information that you have requested is available from the 2024-25 Budget which is available at the following weblink: www.gov.im/media/1382351/pink-book-2024-25-final-website_compressed.pdf

Details of where the information is located, in the budget document, is provided below.

1. The total amount Manx National Heritage can loan from Treasury in the current financial year (2023/25)

The total amount Manx National Heritage (MNH) can loan from the Consolidated Loan Fund in the current financial year (2024/25) is available in table 19B, on page 42.

By way of advice and assistance the total amount that MNH can borrow has been broken down into four different purposes, in the same table. These are the specific purposes of what MNH can use the loans for and MNH can loan sums which do not exceed the amounts in the table.

1. The period of the loan

The period of the loan for each of the different purposes is available in column C5, in table 19B, on page 42.

1. The rate of interest of the loan

The rate of interest applicable for the 2024/25 financial year is available in the sixth paragraph, of section 8 (‘The Capital Programme’), on page 38.

Please quote the reference number 4345933 in any future communications.

Your right to request a review

If you are unhappy with this response to your freedom of information request, you may ask us to carry out an internal review of the response, by completing a complaint form and submitting it electronically or by delivery/post.

An electronic version of our complaint form can be found by going to our website at https://services.gov.im/freedom-of-information/Review . If you would like a paper version of our complaint form to be sent to you by post, please contact me and I will be happy to arrange for this. Your review request should explain why you are dissatisfied with this response, and should be made as soon as practicable. We will respond as soon as the review has been concluded.

If you are not satisfied with the result of the review, you then have the right to appeal to the Information Commissioner for a decision on; 1. Whether we have responded to your request for information in accordance with Part 2 of the Freedom of Information Act 2015; or 2. Whether we are justified in refusing to give you the information requested.
In response to an application for review, the Information Commissioner may, at any time, attempt to resolve a matter by negotiation, conciliation, mediation or another form of alternative dispute resolution and will have regard to any outcome of this in making any subsequent decision. More detailed information on your right to a review can be found on the Information Commissioner’s website at www.inforights.im. Should you have any queries concerning this letter, please do not hesitate to contact me. Further information about freedom of information requests can be found at www.gov.im/foi.

I will now close your request as of this date.