# The Bus Operator (Coronavirus, Financial Assistance) Regulations (Northern Ireland) 2021, Paragraph 6: Provision of financial assistance


(1) The Department may, in accordance with the following provisions, make a financial assistance payment to any eligible person.
(2) That financial assistance payment shall constitute a single payment, by way of a grant, to each eligible person in accordance with sub-paragraphs (3) to (5).
(3) For each eligible person, the amount payable shall be the lower of—
(a) an amount equivalent to the financial standing requirements for that person, calculated in accordance with the number of their eligible vehicles; or
(b) the amount by which that person’s eligible expenditure exceeds their eligible income for the eligible period.
(4) Financial assistance payments to eligible persons shall be on such other terms and conditions as the Department may specify.
(5) In this paragraph—
(a) “the 2009 Regulation” means Regulation (EC) No 1071/2009 of the European Parliament and of the Council of 21 October 2009 establishing common rules concerning the conditions to be complied with to pursue the occupation of road transport operator and repealing Council Directive 96/26/EC;
(b) “eligible expenditure” means the total expenditure for the eligible period declared in the application or determined by the Department based on the information provided by the applicant including under paragraph 4(4) if appropriate;
(c) “eligible vehicles” means vehicles registered on an eligible person’s bus operator’s licence at 23rd March 2020 adjusted to reflect vehicle sales and vehicle purchases relevant to the period beginning on 23rd March 2020 and ending on 31st March 2021 that the Department is satisfied are supported by the application; and
(d) the “financial standing requirements” are, in accordance with Article 7 of the 2009 Regulation as it applied at 1st October 2020, £8,000 for the first eligible vehicle and £4,450 for each additional eligible vehicle.

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Source: https://www.legislation.gov.uk/nisr/2021/62/schedule/paragraph/6 (the official version)
Page: https://openlegislation.uk/bus-operator-coronavirus-financial-assistance-regulations-northern-ireland-2021/schedule/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.