Regulation 8 Amount of financial assistance under regulation 7

(1)

The amount of financial assistance payable under regulation 7 in relation to—

(a)

approved diversification measures shall—

(i)

be 50% of the eligible expenditure; and

(ii)

not exceed the sum of £25,000;

(b)

approved ancillary agricultural measures shall—

(i)

for the specified agricultural work mentioned in column 1 of Part I of Schedule 2 be the corresponding percentage of the eligible expenditure mentioned in column 2;

(ii)

not exceed a percentage of the amount of financial assistance approved for diversification measures which percentage shall be the percentage specified in column 2 of Part II of Schedule 2 which corresponds to the amount of approved financial assistance for diversification specified in column 1 of the said Part II;

(iii)

be in addition to the financial assistance approved under sub-paragraphs (a) and (c) of this paragraph;

(c)

approved environmental measures shall—

(i)

for the capital works referred to in column 1 of Part I Schedule 3 be the corresponding percentage of the eligible expenditure mentioned in column 2;

(ii)

for the categories of land referred to in column 1 of Part II of Schedule 3 be the corresponding rate per hectare mentioned in column 2;

(iii)

for the conservation of land of high environmental value of a size mentioned in column 1 Part III of Schedule 3 be the sum mentioned in column 2;

(iv)

not exceed 20% of the amount of financial assistance for diversification approved under sub-paragraph (a) above; and

(v)

be in addition to the financial assistance approved under sub-paragraphs (a) and (b) of this paragraph.

(2)

The Secretary of State shall pay 10% of the financial assistance approved under sub-paragraphs (a), (b) and (c) of the foregoing paragraph on approval of the project.