Regulation 9 Amendment to regulation 13A (sustainable industry reward budgets)

after paragraph (1), insert—

“(1A)

The Secretary of State may, in a sustainable industry reward budget notice, specify any of the following—

(a)

budgets which are reserved for the sustainable industry reward applications described in the notice (“sustainable industry reward minima”);

(b)

budgets which must be prioritised for the sustainable industry reward applications described in the notice, and where those budgets are not exhausted, the remaining budgets may be used for the other sustainable industry reward applications (“sustainable industry reward flexible minima”);

(c)

maximum budgets which apply to the sustainable industry reward applications described in the notice (“sustainable industry reward maxima”).

(1B)

The sustainable industry reward allocation framework must set out—

(a)

the time by which the sustainable industry reward budget notice must be published, which must be no later than the day before the day a notice under regulation 28C which includes a sustainable industry reward statement is given; and

(b)

whether any draft forms of the sustainable industry reward budget notice must be published, and the time by which they must be published.

(1C)

A draft form of the sustainable industry reward budget notice need not set out the Secretary of State’s intentions as to the use of the description of budget mentioned in paragraph (1A).”;

omit paragraphs (2) to (6);

in paragraph (7), omit “its indicative, ”.