# The Subsidy Control (Gross Cash Amount and Gross Cash Equivalent) Regulations 2022, Regulation 7: Determining the gross cash equivalent of a small loan guarantee


(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.
(2) A loan guarantee is a small loan guarantee if—
(a) it guarantees not more than 80% of the loan,
(b) the amount guaranteed is not more than £2,350,000, and
(c) the duration of the guarantee is not more than 5 years.
(3) A loan guarantee is a small loan guarantee if—
(a) it guarantees not more than 80% of the loan,
(b) the amount guaranteed is not more than £1,175,000, and
(c) the duration of the loan guarantee is not more than 10 years.
(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.

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Source: https://www.legislation.gov.uk/uksi/2022/1186/regulation/7 (the official version)
Page: https://openlegislation.uk/subsidy-control-gross-cash-amount-and-gross-cash-equivalent-regulations-2022/regulation-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.