Determination of applications
5.—(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).