# Industry and Exports (Financial Assistance) Act 2026, Section 1: Limit on selective financial assistance for industry

Extent: E+W+S+N.I.

In section 8 of the Industrial Development Act 1982 (selective financial assistance: general powers), in subsection (5)—
(a) for “£12,000 million” substitute “£20 billion”;
(b) for “£1,000 million” substitute “£1.5 billion”.

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Source: https://www.legislation.gov.uk/ukpga/2026/14/section/1 (the official version)
Page: https://openlegislation.uk/industry-and-exports-financial-assistance-act-2026/section-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.