- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made).
5.—(1) The Scottish Ministers may approve (in whole or in part) or may reject an application and in determining whether an application should be so approved or rejected, they shall have regard to–
(a)the total amount of grant monies available for payment;
(b)whether the investment or project is eligible for grant in accordance with regulation 3;
(c)the extent to which the application meets the criteria set out in Schedule 2 to these Regulations;
(d)the level of grant which is either necessary or appropriate to enable the investment or project to proceed;
(e)the value for money which the investment or project represents having regard to sub paragraph (c) above and the level of grant likely to be required and how that value compares with other applications; and
(f)the benefits of such an investment or project to small or medium-sized businesses.
(2) Approval of an application may be made subject to such conditions as the Scottish Ministers think fit (including, without prejudice to that generality, conditions as to themanner and date of completion of the investment or project).
(3) Where the Scottish Ministers approve an application (in whole or in part) they shall determine the approved expenditure and the amount of grant payable to the applicant.
(4) The Scottish Ministers shall notify the applicant of their decision in such manner as they consider appropriate after the application has been determined and, where the application is approved, shall notify the applicant of any conditions imposed and of the matters referred to in paragraph (3) above.
(5) The Scottish Ministers may vary an approval of an application (including any conditions subject to which it was given) or of the matters referred to in paragraph (3) above at the request of, or with the consent of, the applicant.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: