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Regulation 12 Contract budget revisionF9I1

England, Wales and Scotland

(1)

This regulation applies where the Secretary of State has given a F1contract budget notice in respect of an allocation round.

F2(2)

The Secretary of State—

(a)

may revise a contract budget notice (“a contract budget revision”)—

(i)

in the period after the contract budget notice has been given but before the first CFD notification, further to the allocation round to which the contract budget notice applies, has been given; and

(ii )

in accordance with paragraph (5); but

(b)

must only effect a contract budget revision by a notice (“a contract budget revision notice”) which complies with regulation 13.

F3(3)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F4(4)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(5)

F5... The Secretary of State may increase the F6contract budget but must not—

(a)

decrease—

(i)

the contract budget;

(ii)

any maxima; or

(iii)

any minima; or

(b)

increase any maxima or minima, unless the contract budget is increased by at least the same F7amount; or.

F8(c)

remove the application of a soft constraint to a budget (see regulation 11(4A)).

Annotations

Textual amendments

F1

Words in reg. 12(1) substituted (13.6.2024) by The Contracts for Difference (Sustainable Industry Rewards) Regulations 2024 (S.I. 2024/710), regs. 1(1), 13(d)

F2

Reg. 12(2) substituted (22.7.2025) by The Contracts for Difference (Miscellaneous Amendments) (No. 3) Regulations 2025 (S.I. 2025/903), regs. 1(2), 7(a)

F3

Reg. 12(3) omitted (22.7.2025) by virtue of The Contracts for Difference (Miscellaneous Amendments) (No. 3) Regulations 2025 (S.I. 2025/903), regs. 1(2), 7(b)

F4

Reg. 12(4) omitted (22.7.2025) by virtue of The Contracts for Difference (Miscellaneous Amendments) (No. 3) Regulations 2025 (S.I. 2025/903), regs. 1(2), 7(b)

F5

Words in reg. 12(5) omitted (22.7.2025) by virtue of The Contracts for Difference (Miscellaneous Amendments) (No. 3) Regulations 2025 (S.I. 2025/903), regs. 1(2), 7(c)

F6

Words in reg. 12(5) substituted (13.6.2024) by The Contracts for Difference (Sustainable Industry Rewards) Regulations 2024 (S.I. 2024/710), regs. 1(1), 13(e)

F7

Words in reg. 12(5)(b) substituted (25.6.2021) by The Contracts for Difference (Miscellaneous Amendments) Regulations 2021 (S.I. 2021/758), regs. 1(1), 18(b)(i)

F8

Reg. 12(5)(c) inserted (25.6.2021) by The Contracts for Difference (Miscellaneous Amendments) Regulations 2021 (S.I. 2021/758), regs. 1(1), 18(b)(ii)

F9

Reg. 12 heading substituted (13.6.2024) by The Contracts for Difference (Sustainable Industry Rewards) Regulations 2024 (S.I. 2024/710), regs. 1(1), 13(a)

Commencement

I1

Reg. 12 in force at 1.8.2014, see reg. 1(1)