Article 12 Power to provide financial assistance
Northern Ireland
F1The Department may, provide financial assistance for any body or person doing or intending to do in the designated area anything falling within paragraph (2).
Financial assistance under paragraph (1) may be provided for—
the promotion, development or regeneration of commercial, industrial or other economic activity;
the improvement of the environment;
the provision of housing;
the provision of social, cultural, recreational or community facilities;
the refurbishment or restructuring of buildings;
any thing not falling within sub‐paragraphs ( a ) to ( e ) which the F2Department considers will benefit the designated area.
Financial assistance under paragraph (1) may include—
grants;
loans;
guarantees;
the taking of any interest in property or in a body corporate.
Annotations
Textual amendments
- F1
Words in art. 12(1) substituted (1.4.2007) by Laganside Corporation Dissolution Order (Northern Ireland) 2006 (S.R. 2006/527), arts. 1(2), 5(1), Sch. 2 Pt. 1 para. 1(4)
- F2
Word in art. 12(2) substituted (1.4.2007) by Laganside Corporation Dissolution Order (Northern Ireland) 2006 (S.R. 2006/527), arts. 1(2), 5(1), Sch. 2 Pt. 1 para. 1(1)(b)
- F3
- F4
Words in art. 12(4) repealed (1.4.2007) by Laganside Corporation Dissolution Order (Northern Ireland) 2006 (S.R. 2006/527), arts. 1(2), 5(2), Sch. 2 Pt. 2 para. 1(6)
Notes on the whole Order
Textual amendments
- F1
functions transf. by SR 1999/481