No repayments made yet on £2.2m KWC loan

The FoI also asked for details on the sale of the Buchan site; however, these were not revealed

No repayments have yet been made on a £2.2 million taxpayer backed loan given to King Williams College.

The funds were paid to the college on 10 September last year from the Department for Enterprise to assist with construction costs as part of the school’s 'long-term sustainability strategy'

According to a Freedom of Information response, the facility must repay the loan in full by January 2029.

However, if it cannot do so, it can make payments in two parts: the first of £1.1 million, plus 50 percent of any interest due by January 2029, and the remaining £1.1 million plus interest by September 2030.

The FoI also asked for details on the sale of the Buchan site; however, these were not revealed.

Instead, the details are expected to appear in the college's future financial statement, which will be available within six months.