Information on Government support of Eagle Labs

Summary

The requester asked for details on direct financial support provided to Barclays' Eagle Labs by the Department for Enterprise. The authority responded that no direct financial support was held, but referenced a separate agreement involving a financial guarantee for rent.

Key Facts

• The Department for Enterprise does not hold information on direct financial support for Eagle Labs as none was provided directly.
• A joint agreement exists between the Department, Barclays Bank, and the Chamber of Commerce to provide a financial guarantee for Eagle Labs rent.
• The guarantee covers periods where income is insufficient to pay rent.
• Barclays Bank fitted out the premises and operates the Eagle Lab under a network agreement with the Chamber of Commerce.
• The response references a previous FOI request (824965) for details on the guarantee amounts.

Data Disclosed

• £324,062.50
• £41,033.87
• 1 March 2018
• 1 June 2019
• 5 year period
• 829565
• 824965
• 2019-05-16
• 2019-06-13

Original Request

I would like to know how much financial support Barclays' Eagle Labs has received from the Department for Enterprise in the last 12 months since its inception and how much financial support it is committed to giving in the future.

Data Tables (1)

Full Response Text

Freedom of Information Co-ordinator 1st Floor, St Georges Court Upper Church Street, Douglas Isle of Man IM1 1EX

Telephone: (01624 685375) Website: www.gov.im/ded Email: steven.tallach@gov.im

Our ref: 829565 31 May 2019

Dear ###

We write further to your request which was received on 16 May 2019 and which states:

"I would like to know how much financial support Barclays' Eagle Labs has received from the Department for Enterprise in the last 12 months since its inception and how much financial support it is committed to giving in the future."

While our aim is to provide information whenever possible, in this instance the public authority does not hold the information you have requested, as no financial support has been provided by the Department to Eagle Labs directly. However please note the recent response to FOI request number 824965: “The Department has entered into a joint agreement with Barclays Bank and the Chamber of Commerce to provide a financial guarantee in respect of Eagle Labs if there is insufficient income per quarter to cover the rent for the premises. The agreed maximum guarantee over a 5 year period is £324, 062.50. The actual amount paid to date is £41,033.87, covering the period 1 March 2018 to 1 June 2019. Barclays Bank has fitted out the premises and operates the Eagle Lab under a network agreement with the Chamber of Commerce.” Please quote the reference number 829565 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.

Yours sincerely