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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 1998 of the kind referred to in paragraphs 13 and 24 of the Schedule shall be paid at the rate of 100 per cent of such expenditure.

(2)

Grants in respect of other approved expenditure incurred on or after 1st April 1998 shall be payable at the rate of 60 per cent of such expenditure.