Regulation 3 Making of grants
Subject to the provisions of these Regulations, the Secretary of State may pay to the Company—
non-recurrent grants, being grants in aid of expenditure on the acquisition of land and buildings, on the erection, enlargement and improvement of buildings, the supply of equipment and furnishings, the provision and laying out of premises, including playing fields and other facilities for social activities and physical recreation, and generally on works of a permanent character; and
recurrent grants, being grants in aid of expenditure on the administration and maintenance of the school and connected purposes, including the employment of staff, provided he is satisfied as to the Company’s financial stability, fitness to receive grants, and competence to manage the school.