Use of Proceeds - Sale of Nunnery

Summary

The requester asked for details on how the Department of Education, Sport and Culture used £5.5m from the sale of the Nunnery and a £500k transitional payment. The Department disclosed that the £5.5m was not held by them but credited to the Consolidated Loans Fund, while the £500k remains unspent within their Capital Programme.

Key Facts

• The Department of Education, Sport and Culture does not hold information on the use of the £5.5m sale proceeds.
• The £5.5m from the sale of the Nunnery was credited to the Consolidated Loans Fund managed by the Treasury.
• The Consolidated Loans Fund is used to progress Government Capital Schemes.
• A £500,000 transitional payment was allocated to the Department for moving out of the Nunnery.
• The £500,000 transitional payment has not yet been used as the physical move has not happened.

Data Disclosed

• £5.5m
• £500k
• £5 million
• £500,000
• 2019-06-10
• 2019-07-08
• 850065

Exemptions Cited

• Information not held by the authority

Original Request

The Department receved £5.5m from the sale of the Nunnery to the ICT Ltd, in addition it was granted a £500k transitional payment by the Council of Ministers to move out of the property and disruption. Could detail be provided as to how each of these sums was used by the Department?

Data Tables (1)

Full Response Text

Corporate Services Division Department of Education, Sport and Culture Hamilton House Peel Road, Douglas IM1 5EZ Telephone: (01624) 685808 Website: www.gov.im/dec Email: dec@foi.gov.im Our ref: 850065 8 July 2019

Dear ###,

We write further to your request which was received on 10 June 2019 and which states:

"The Department received £5.5m from the sale of the Nunnery to the ICT Ltd, in addition it was granted a £500k transitional payment by the Council of Ministers to move out of the property and disruption. Could detail be provided as to how each of these sums was used by the Department?" While our aim is to provide information whenever possible, in this instance the Department of Education, Sport and Culture (DESC) does not hold or cannot, after taking reasonable steps to do so, find some of the information that you have requested. Specifically what the £5 million received from the sale of the Nunnery was used for. This is because the money was not paid to DESC, however by way of advice and assistance the proceeds were credited to the Consolidated Loans Fund and this fund is managed by the Treasury which is used to progress Government Capital Schemes.

I have detailed below the information that is held. The Department can confirm that £500,000 has been allocated to transition the DESC from the Nunnery. As this has yet to physically happen the money has not yet been used and is still unspent within the DESC’s Capital Programme.

Please quote the reference number 850065 in any future communications.

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I will now close your request as of this date.

Yours sincerely

Freedom of Information Coordinator