{
  "url": "https://openlegislation.uk/subsidy-control-gross-cash-amount-and-gross-cash-equivalent-regulations-2022/regulation-7",
  "json_url": "https://openlegislation.uk/subsidy-control-gross-cash-amount-and-gross-cash-equivalent-regulations-2022/regulation-7.json",
  "legislation": "uksi/2022/1186",
  "legislation_title": "The Subsidy Control (Gross Cash Amount and Gross Cash Equivalent) Regulations 2022",
  "legislation_url": "https://openlegislation.uk/subsidy-control-gross-cash-amount-and-gross-cash-equivalent-regulations-2022",
  "path": "regulation/7",
  "kind": "regulation",
  "number": "7",
  "heading": "Determining the gross cash equivalent of a small loan guarantee",
  "text": "(1) Where a loan guarantee meets the conditions for a small loan guarantee set out in paragraphs (2) or (3) the gross cash equivalent of that loan guarantee may be determined to be equal to £315,000.\n(2) A loan guarantee is a small loan guarantee if—\n(a) it guarantees not more than 80% of the loan,\n(b) the amount guaranteed is not more than £2,350,000, and\n(c) the duration of the guarantee is not more than 5 years.\n(3) A loan guarantee is a small loan guarantee if—\n(a) it guarantees not more than 80% of the loan,\n(b) the amount guaranteed is not more than £1,175,000, and\n(c) the duration of the loan guarantee is not more than 10 years.\n(4) Where a small loan guarantee is for less than the amounts set out in paragraphs (2)(b) or (3)(b) or is given for a period of less than 5 or 10 years respectively, the gross cash equivalent of that loan guarantee may be determined to be the corresponding proportion of £315,000.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2022/1186/regulation/7",
    "retrieved_at": "2026-10-28T21:53:36.347245+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}