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Regulation 5 Rate of grant

Original text. Later amendments are not shown.

(1)

Subject to paragraph (2), grants in respect of approved expenditure incurred on or after 1st April 1993 shall be payable at the rate of 60 per cent of such expenditure.

(2)

Grants in respect of approved expenditure incurred on or after 1st April 1993 in respect of item 16 in the Schedule hereto shall be payable at the rate of 70 per cent of such expenditure.