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Regulation 5 Rate of Grant

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Grants in respect of approved expenditure incurred on or after 1st April 1997 of the kind referred to in paragraph 18 of the Schedule shall be payable at the rate of 75 per cent of such expenditure.

(2)

Grants in respect of other approved expenditure incurred on or after 1st April 1997 shall be payable at the rate of 60 per cent of such expenditure.