Section 3 Payment of grants
In accordance with the following provisions of this Scheme the Department may pay a grant to any processor –
in respect of any expenditure incurred by him and approved by the Department;
who applies for such an approval under and in accordance with Article 4.
The Department shall not pay a grant to any processor unless the accounts submitted by him under Article 4(2)(b) demonstrate the viability of his business.
Subject to paragraph (5) grant under this Article shall be –
50% of approved expenditure where all the hardware to which the expenditure relates is to be located in a less favoured area;
40% of approved expenditure in all other cases.
A grant may be paid in a lump sum or in instalments.
Where, in relation to any approved expenditure, in addition to grant under this Article, other monies are payable from public funds then the grant under this Article shall be the amount which, when added to those other monies, would equal the amount which apart from this paragraph would have been payable under paragraph (3).
For the purposes of paragraph (3) “hardware” means the Information Communications Technology equipment referred to in sub-paragraph (a) of the Schedule.