Section 4 Financial assistance

United Kingdom

(1)

F1... the Secretary of State may, with the consent of the Treasury, give F2a UK Green Investment Bank company financial assistance at any time when the F3Crown holds shares in it or another UK Green Investment Bank company.

(2)

The financial assistance may be given in any form that the Secretary of State, with the consent of the Treasury, considers appropriate.

(3)

It may in particular be given by way of—

(a)

grants,

(b)

loans,

(c)

guarantees,

(d)

the purchase of share capital of F4the company, or

(e)

the transfer of assets or rights to F5the company.

(4)

The financial assistance may be provided subject to such terms and conditions as the Secretary of State, with the consent of the Treasury, considers appropriate (including, in the case of a grant or a loan, conditions requiring repayment or, in the case of a guarantee, conditions requiring reimbursement of any sums paid under it).

F6(5)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(6)

Nothing in this section affects the exercise of any power of the Treasury or the Secretary of State to give financial assistance to F7a UK Green Investment Bank company otherwise than under this section at a time when the F8Crown does not hold shares in it or another UK Green Investment Bank company.

Annotations

Textual amendments

F1: Words in s. 4(1) omitted (18.8.2017) by virtue of Enterprise Act 2016 (c. 12), ss. 37(4)(a)(i), 44(5) (with s. 38); S.I. 2017/842, reg. 2
F2: Words in s. 4(1) substituted (18.8.2017) by Enterprise Act 2016 (c. 12), ss. 37(4)(a)(ii), 44(5) (with s. 38); S.I. 2017/842, reg. 2
F3: Words in s. 4(1) substituted (18.8.2017) by Enterprise Act 2016 (c. 12), ss. 37(4)(a)(iii), 44(5) (with s. 38); S.I. 2017/842, reg. 2
F4: Words in s. 4(3)(d) substituted (18.8.2017) by Enterprise Act 2016 (c. 12), ss. 37(4)(b), 44(5) (with s. 38); S.I. 2017/842, reg. 2
F5: Words in s. 4(3)(e) substituted (18.8.2017) by Enterprise Act 2016 (c. 12), ss. 37(4)(b), 44(5) (with s. 38); S.I. 2017/842, reg. 2
F6: S. 4(5) omitted (18.8.2017) by virtue of Enterprise Act 2016 (c. 12), ss. 37(4)(c), 44(5) (with s. 38); S.I. 2017/842, reg. 2
F7: Words in s. 4(6) substituted (18.8.2017) by Enterprise Act 2016 (c. 12), ss. 37(4)(d)(i), 44(5) (with s. 38); S.I. 2017/842, reg. 2
F8: Words in s. 4(6) substituted (18.8.2017) by Enterprise Act 2016 (c. 12), ss. 37(4)(d)(ii), 44(5) (with s. 38); S.I. 2017/842, reg. 2