Article 7 Financial assistance under this Order
(1)
In this Order “financial assistance” means—
(a)
grants; or
(b)
loans, whether or not carrying interest or interest at a commercial rate.
(2)
Grants or loans made by a Northern Ireland department under this Order—
(a)
shall be of such amounts; and
(b)
shall be made on such terms and conditions (including, in the case of grants, conditions as to repayment),
as may be determined by that department, with the approval of the Department of Finance and Personnel.
F1(3)
Grants or loans made by Invest Northern Ireland under this Order—
(a)
shall be of such amounts; and
(b)
shall be made on such terms and conditions (including, in the case of grants, conditions as to repayment),
as Invest Northern Ireland may determine.