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Innovation fund capital arrears (FOI)

Innovation fund capital arrears (FOI)

Produced by the Freedom of Information office
Authored by States of Jersey and published on 31 January 2019.
Prepared internally, no external costs.

​Request

Please can you supply a statement up to the 6 January 2019 for loan repayments for the Jersey Innovation Fund which have fallen beyond the agreed repayment terms? I am aware that the figure stood at £1.4 as of the end of 2016. I would like the same figure up to 6 January 2019 and if possible a percentage figure of the outstanding debt against the amounts paid out.

Response

The following information is provided as at 31 December 2018 as this is the latest month-end period for which data is available. Please note these are as yet unaudited figures.

There is only one borrower who is in arrears with their loan repayments against agreed terms. The total amount of capital arrears is £342,958.16 which is 17.02% of the total capital sum lent by the Innovation Fund.

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