Manx Development corporation funding

Summary

The request sought details on new loans to the Manx Development Corporation and confirmation of funding for the Old Nurses Home refurbishment. The Treasury disclosed that loans 1 and 3 fund the refurbishment and provided the total amount drawn down from the Lloyds Bank facility.

Key Facts

• Loans 1 and 3 are attributed to the Thie Clag (former nurses home) refurbishment.
• The total amount drawn down from the Lloyds Bank loan facility is £20,076,281.62.
• The request covered the period from 13 June 2025 to 09 December 2025.
• The response was issued by the Treasury on 22 December 2025.
• All information requested was provided with no redactions.

Data Disclosed

• £20,076,281.62
• 13 June 2025
• 09 December 2025
• 22 December 2025
• Loans 1 and 3
• Case ID 5154485
• Previous FOI 4722089

Original Request

Previous FOI 4722089; Please provide details of any new loans approved to existing loans - 1.2.3.4.5, from 13 June 2025 to date (09/12/2025), as well as confirming which loans are attributed to The Old Nurses Home refurbishment. Please provide the total amount now drawn down against the Lloyds facility

Data Tables (1)

Full Response Text

Part 2

The loans which are attributed to Thie Clag (the former nurses home refurbishment) are loans 1 and 3.

Part 3

The total amount that the Manx Development Corporation have drawn down from the Lloyds Bank loan facility is as follows:

£20,076,281.62

Please quote the reference number 5154485 in any future communications.

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Freedom of Information Coordinator