Regulation 3 Transitional provisions relating to the revocation of retained direct EU legislation
Where paragraph (3) applies to a person, the Secretary of State may grant and provide financial assistance to that person.
Financial assistance may be provided in such form, for such duration and on such terms as the Secretary of State considers appropriate.
This paragraph applies to a person if—
that person has made an application on or before 31 December 2020 under—
the European Commission’s Preparatory Action on Defence Research programme as established by the EU instruments listed in paragraphs (a) to (c) of the Schedule;
the European Defence Industrial Development Programme as established by the EU instruments listed in paragraphs (d) to (e) of the Schedule;
that application has been approved by or on behalf of the European Commission; and
the Secretary of State is satisfied that the person would have been entitled to receive a payment in respect of that application if the United Kingdom had not withdrawn from the European Union and the European Commission has declined to make further payments to that person.