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Regulation 7 Financial assistance

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Subject to the provisions of these Regulations the Secretary of State may give to an eligible person financial assistance towards eligible expenditure on approved diversification measures mentioned in column 1 for the provision of any work or facility of the kind set out in column 2 of Schedule 2 except where the work or facility described in paragraph 3(7)(b) and (c) and paragraph 4(7)(a)–(d) of the said Schedule is to be carried out on set-aside land.

(2)

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

(a)

be 50% of the eligible expenditure; and

(b)

not exceed the sum of £25,000, or, in the case of an eligible person who demonstrates to the Secretary of State’s satisfaction that the measures which are the subject of his application are to be carried out as part of a cooperative venture with at least two other eligible persons, £30,000.