4.—(1) In regulation 3 (application) for paragraph (2) substitute–
“Subject to paragraph (3), aid payable in respect of any undertaking given under the 1994 Regulations, except for any such undertaking given after 31st December 2002, shall be calculated in accordance with Schedule 3.”.
(2) In regulation 3 after paragraph (2) insert–
“(2A) Subject to paragraph (3), aid payable, in relation to payments of conversion grant, in respect of–
(a)any undertaking given under these Regulations; or
(b)any undertaking given under the 1994 Regulations and which was given after 31st December 2002;
shall be calculated in accordance with Schedule 3A.”.
(3) In regulation 3 in paragraph (3) for “(1)(a) and (2)” substitute “(1)(a), (2) and (2A).