Regulation 6 Excluded forms of financial assistance

(1)

Subject to paragraph (3), there are specified for the purposes of section 34(1) of the Act the steps mentioned in paragraph (2).

(2)

The steps referred to in paragraph (1) are the provision of financial assistance of any of the descriptions specified in paragraphs (a) to (c) of section 33(3) of the Act to a person who conducts a business or undertaking with a view to profit where—

(a)

the amount of the assistance is determinable solely by reference to the financial results of that business or undertaking over a period which at the date on which the authority considers the provision of the assistance is not wholly in the past; or

(b)

it is intended that the assistance should be applied, either wholly or in part, in or towards the payment of the wages or salary of any employee of that person.

(3)

Nothing in paragraph (1) or (2) shall preclude a relevant authority from providing financial assistance by way of grant which—

(a)

is made for the purpose of enabling the recipient—

(i)

to employ a person who, for the period of at least seven days immediately preceding the commencement of the employment, was unemployed;

(ii)

to employ a person for the duration of any period in which he is undergoing training;

(iii)

to employ not more than three persons who are qualified to provide some particular knowledge or skill required for the purposes of the business or undertaking; or

(b)

is provided as part of a scheme to which contributions are made by a Minister of the Crown or the European Commission.