Regulation 5 Rate of Grant

Except as provided in paragraph (2) below, grants in respect of approved expenditure incurred on or after 1st April 1997 shall be payable at the rate of 60 per cent. of such expenditure.

Grants in respect of approved expenditure incurred by an education authority after 1st April 1997 in respect of items referred to in the paragraphs of the Schedule listed in the left hand column of the table below shall be paid at the percentage rate of such expenditure specified in relation thereto in the right hand column of the table.