Determination of applications5
1
Paragraph (2) applies where–
a
an application is made for grant towards a project; and
b
the project may be considered for grant under regulation 3.
2
Where this paragraph applies, Ministers may approve an application for grant in whole or in part, or they may reject it.
3
But, when considering an application, Ministers must have regard to–
a
the total amount of grant monies available;
b
the benefits of the project;
c
the level of grant which is either necessary or appropriate to enable the project to proceed; and
d
the value for money which the project represents and the level of grant likely to be required and how that value compares with other applications.
4
Applicants must provide any information Ministers reasonably require in order to consider an application.
5
Where Ministers approve an application, they–
a
must determine the approved expenditure and the amount of grant payable to the applicant;
b
may impose such conditions on the approval as they think fit (including conditions as to the manner and date of completion of the project); and
c
may vary their approval of the application at the request of, or with the consent of, the applicant.
6
Ministers must notify the applicant of their decision under paragraph (2) in such manner as they think appropriate; where the application is approved, Ministers must include in the notice the matters referred to in paragraph (5).