# The Housing Renovation etc. Grants (Reduction of Grant) (Amendment) Regulations 1993, Regulation 8: Reduction in amount of grant


For regulation 10 there is substituted–
“10 (1) The amount of any grant which may be paid in respect of an application which is accompanied by an owner-occupation certificate shall, if the financial resources of the applicant or applicants exceed the applicable amount, be reduced from what it would otherwise have been by an amount equal to the aggregate of the amounts determined–
(a) by multiplying by 17.1 such part of that excess as is £47.95 or less;
(b) by multiplying by 34.2 such part of that excess as is greater than £47.95 but not more than £95.89;
(c) by multiplying by 136.8 such part of that excess as is greater than £95.89 but not more than £191.78; and
(d) by multiplying by 341 such part of that excess as is greater than £191.78.
(2) The amount of any grant which may be paid in respect of an application which is accompanied by a tenant’s certificate shall, if the financial resources of the applicant or applicants exceed the applicable amount, be reduced from what it would otherwise have been by an amount equal to the aggregate of the amounts determined–
(a) by multiplying by 10.28 such part of that excess as is £47.95 or less;
(b) by multiplying by 20.56 such part of that excess as is greater than £47.95 but not more than £95.89;
(c) by multiplying by 82.22 such part of that excess as is greater than £95.89 but not more than £191.78; and
(d) by multiplying by 205.55 such part of that excess as is greater than £191.78.”.

---
Source: https://www.legislation.gov.uk/uksi/1993/551/regulation/8 (the official version)
Page: https://openlegislation.uk/housing-renovation-etc-grants-reduction-of-grant-amendment-regulations-1993/regulation-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.