Regulation 8 Feasibility study agreements
The Secretary of State may make a grant (“a feasibility study grant”) to a person who undertakes to carry out a detailed study of land in which that person has an interest which, in the Secretary of State's opinion, is conducive to any of the specified purposes.
A feasibility study grant shall be made subject to the condition that the beneficiary complies with the conditions set out in an agreement (“a feasibility study agreement”) made between that person and the Secretary of State.
An application to enter into a feasibility study agreement shall be made at such times, in such form and be accompanied by such information, as the Secretary of State requires.
The amount of a feasibility study grant shall not exceed the sum of—
the loss of income suffered, and
the additional costs incurred
as a result of complying with the conditions of the feasibility study agreement to which such grant relates.