# Industry and Exports (Financial Support) Act 2009, Section 1: Increase in limit on selective financial assistance for industry


(1) In section 8 of the Industrial Development Act 1982 (c. 52) (selective financial assistance: general powers), for subsection (5) (which specifies the limit on the amount of financial assistance) substitute—
“(5) The limit shall be £12,000 million, but the Secretary of State may, on not more than four occasions, by order made with the consent of the Treasury increase or further increase that limit by a sum specified in the order, being a sum not exceeding £1,000 million.”
(2) The Industrial Development (Financial Assistance) Act 2003 (c. 11) is repealed.

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Source: https://www.legislation.gov.uk/ukpga/2009/5/section/1 (the official version)
Page: https://openlegislation.uk/industry-and-exports-financial-support-act-2009/section-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.