30.—(1) The Department may make to—
Sub-para. (a) rep. by 2002 c. 1 (NI)
(b)anyF1. . . body or person specified in an order made, subject to affirmative resolution, by the Department with the consent of the Department of Finance and Personnel,
grants of such amount and on such terms and conditions (including conditions for repayment) as the Department may consider proper, for the purpose of enabling that body or person to stimulate or assist industrial enterprise, the development of industry or the provision of employment.
(2) If the Department is satisfied that a body or person to whom it has made a grant under paragraph (1) is unable to fulfil any written contract entered into or written offer or written undertaking made for the purpose mentioned in that paragraph, the Department may make such arrangements as it considers expedient for the purpose of safeguarding the interests of any other person who has entered into a written contract with that body or person or has incurred liabilities in pursuance of a written undertaking or written offer made by that body or person.