{
  "url": "https://openlegislation.uk/administrative-and-financial-provisions-act-northern-ireland-2026/section-2",
  "json_url": "https://openlegislation.uk/administrative-and-financial-provisions-act-northern-ireland-2026/section-2.json",
  "legislation": "nia/2026/10",
  "legislation_title": "Administrative and Financial Provisions Act (Northern Ireland) 2026",
  "legislation_url": "https://openlegislation.uk/administrative-and-financial-provisions-act-northern-ireland-2026",
  "path": "section/2",
  "kind": "section",
  "number": "2",
  "heading": "Economic support",
  "text": "(1) The Department for the Economy may, where it considers that to do so is likely to be in the interest of the economy of Northern Ireland (or part of Northern Ireland)—\n(a) establish a company (whether by itself or jointly with any other person),\n(b) promote or assist the establishment, maintenance or development of a company, or\n(c) provide financial assistance to any person.\n(2) Financial assistance under subsection (1)(c)—\n(a) may be provided by way of grants, loans, guarantees or indemnities, the acquisition of a right or interest or in any other form,\n(b) may be provided subject to conditions (which may include conditions about repayment with or without interest or other return),\n(c) may be provided under a contract,\n(d) may be provided to a person who carries on an investment business for onward investment or administrative costs relating to onward investment.\n(3) The Department may prepare and issue a statement of its general approach to the exercise of the power conferred on it by subsection (1)(c).\n(4) In exercising the power conferred by subsection (1)(c) the Department must have regard to any statement under subsection (3) in force at the time.\n(5) The Department may make such arrangements for the provision and management of financial assistance under subsection (1)(c) as it considers appropriate; and may in particular arrange for another person (including a company or other body established by the Department for the purpose) to provide or manage financial assistance on its behalf.\n(6) The power conferred by subsection (1)(c) is in addition to (and does not limit or replace) any other power of the Department to provide financial assistance.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nia/2026/10/section/2",
    "retrieved_at": "2026-11-07T03:33:08.340730+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}