Regulation 6 Amendment of the principal Regulations

after paragraph (1) there shall be inserted–

“(1A)

Subject to paragraph (2), the amount of financial assistance payable shall be such amount as the Secretary of State may consider appropriate having regard to the measure proposed and the resources at that time available to the programme.”; and

for paragraph (2)(a) there shall be substituted–

“(2)

The amount of financial assistance payable under paragraph (1) above shall be–

(a)

(i)

in the case of primary production of aquaculture products, up to 40% of the eligible expenditure; and

(ii)

in the case of any other diversification measure, up to 50% of such expenditure; and”.