Section 3 Payment and amounts of grants
United Kingdom
Subject to the following provisions of this Scheme, the Minister may make to any eligible person a grant towards expenditure incurred in servicing the relevant part of a qualifying loan.
For the purposes of this Scheme a qualifying loan is a loan which has been, or is to be, obtained from a bank for the purpose of implementing a business plan for the restructuring of a pig production business, and the relevant part of a qualifying loan is that part of the loan which—
has been or is to be obtained for the purposes of, or in connection with, the carrying on of a pig production business;
appears to the Minister to be of a capital nature or incurred in connection with expenditure of a capital nature; and
is approved by the Minister for the purposes of a grant under this Scheme.
Where a loan has been obtained partly for the purposes of or in connection with the restructuring of a pig production business and partly for other purposes, the Minister may for the purposes of a grant under this paragraph treat as a qualifying loan so much of that loan as appears to him to be referable to that restructuring.
The Minister may make the payment of grant under sub-paragraph (1) above subject to such conditions as he may reasonably determine.
No grant under this Scheme when coupled with any payment made under the Non-Capital Grant Scheme shall exceed 5% of the qualifying loan (excluding accrued interest).