AQW 35266/11-15

Ms Claire Sugden
Independent
East Londonderry

Tabled Date: 01/09/2014
Answered On Date: 16/09/2014
Priority Written: No

Question:
To ask the Minister for Employment and Learning to detail the loans advanced by his Department through the Financial Transactions Capital Scheme in (i) Northern Ireland; and (ii) East Londonderry, since 1 April 2013.

Answer:

My Department has not advanced any loans through the Financial Transactions Capital Scheme either in Northern Ireland or in East Londonderry, since 1 April 2013.

However the Executive agreed to provide £35.0m of Financial Transactions Capital loan funding to the University of Ulster to assist in financing their Greater Belfast Development scheme. The loan was processed through the Strategic Investment Board on behalf of OFMdFM. My Department was involved in the negotiations for this to take place.