Paragraph 2 Interpretation

In this Schedule—

• “aggregate core spending estimate”—

  1. (a)

     for scheme years 14 and 15, means the CGS estimate for the scheme year as defined in Schedule 1 to the 2022 Regulations;

  2. (b)

     for any other scheme year, means the aggregate core spending estimate for the scheme year required by regulation 8 of these Regulations (including, where relevant, any update under that regulation);

• “core spending Part” means—

  1. (a)

     in relation to scheme years 14 and 15, Part 3 of the 2022 Regulations;

  2. (b)

     in any other case, Part 3 of these Regulations;

• “initial overall spending target” means—

  1. (a)

     £92 million for scheme year 16;

  2. (b)

     £92 million for scheme year 17;

  3. (c)

     £92 million for scheme year 18;

  4. (d)

     £93 million for scheme year 19;

  5. (e)

     £93 million for scheme year 20;

• “preceding scheme year” means—

  1. (a)

     where the current scheme year is scheme year 16, scheme year 15;

  2. (b)

     in any other case, the scheme year preceding the current scheme year;

• “Year-2” means—

  1. (a)

     where the current scheme year is scheme year 16, scheme year 14;

  2. (b)

     where the current scheme year is scheme year 17, scheme year 15;

  3. (c)

     in any other case, the scheme year preceding the preceding scheme year.