FOI request (FOIR-256061849)
Company Voluntary Arrangements
Requested Thu 01 October 2020
Responded Wed 28 October 2020
1. How much rent have you lost, or have had to write-down as a result of CVAs (Company Voluntary Arrangements) your commercial businesses tenants have negotiated since March 2020.
2. Which businesses have you agreed the above CVAs with, if any?
3. How much rent have you lost, or have had to write-down as a result of COVID-19 related support for businesses in the form of rent relief, rent renegotiations or payment holidays?
4. Have you had rent withheld by Boots (parent company Walgreens Boots Alliance)?
Q1 - Information not held
Q2 - The only CVA since March 2020 is Poundstretcher
NOTICE OF REFUSAL
The information you have requested is commercially sensitive and falls under Section 43 of the Freedom of Information Act - Commercially Sensitive Information.
Information prejudicing commercial interests - commercial interest relating to an organisations commercial activity and may include trading activity procurement and relationships with third parties.
The exemption afforded by Section 43 is subject to what is known as the 'public interest test'. When applying the test in a particular case a public authority is deciding whether the public interest is better served by non-disclosure than by disclosure.
Although the Freedom of Information Act does not define 'in the public interest', there is a presumption under Freedom of Information that openness is in the public interest. In applying the public interest test a public authority will take into account the distinction that has been often made by courts between things that are in the public interest, and things that merely interest the public. Where applicants have not identified public interest considerations succinctly or accurately, the public authority has a responsibility under the Act to make their own assessment of the public interest considerations in the particular case.
We have identified the following public interest factors that may be seen as encouraging the disclosure of information:
a) accountability of public spending
We consider these factors to be of limited relevance in relation to the information in question.
Public interest factors seen as encouraging non-disclosure are, generally, the exemptions themselves. In consideration of this matter we came to the following conclusions:
a) ensuring that companies are able to compete for business fairly
b) damage to reputation and/or financial interests
In weighing the factors for and against disclosure we have concluded that the likely benefit to the applicant and the wider public of disclosure is outweighed by the likely prejudice caused by such disclosure and that therefore the public interest is better served by non-disclosure.
For the reasons given above we will not be communicating to you the information you have requested.
Q4 - We don't have either as a tenant
Freedom of Information