OpenLegislation

Section 1 Arrangements for the support and development of supplies, etcF3I1

United Kingdom

F1(1)

The Secretary of State may make arrangements under this section which the Secretary of State considers are conducive to supporting or developing (whether directly or indirectly) supplies or potential supplies by persons carrying on business in the United Kingdom of goods, services or intangible assets (including intellectual property) to persons carrying on business outside the United Kingdom.

(2)

The Secretary of State may make arrangements under this section for the purpose of rendering economic assistance to countries outside the United Kingdom.

(3)

The Secretary of State may make arrangements under this section with a view to facilitating—

(a)

the performance of obligations created or arising, directly or indirectly, in connection with matters as to which he has exercised his powers under this section or section 2 of this Act, or

(b)

the reduction or avoidance of losses arising in connection with any failure to perform such obligations.

(4)

The arrangements that may be made under this section are arrangements for providing financial facilities or assistance for, or for the benefit of, persons carrying on business; and the facilities or assistance may be provided in any form, including guarantees, insurance, grants or loans.

F2(5)

The arrangements that may be made under this section also include the provision of advice or information.

Annotations

Textual amendments

F1

S. 1(1) substituted for s. 1(1) (1A) (26.5.2015) by Small Business, Enterprise and Employment Act 2015 (c. 26) , ss. 11(2) , 164(3)(a)(iv)

F2

S. 1(5) inserted (26.5.2015) by Small Business, Enterprise and Employment Act 2015 (c. 26) , ss. 11(3) , 164(3)(a)(iv)

F3

S. 1 heading substituted (26.5.2015) by Small Business, Enterprise and Employment Act 2015 (c. 26) , ss. 11(4) , 164(3)(a)(iv)

Commencement

I1

S. 1 wholly in force at 23.10.1991 see s. 15(6) and S.I. 1991/2430 , art. 2

Notes on Part I

Commencement

I1

Part I wholly in force at 23.10.1991 see s. 15(6) and S.I. 1991/2430, art. 2