3.—(1) Ministers may, pay–
(a)local action group grant of up to 100% of project costs incurred; or
(b)a maximum of 7% in advance of costs to be incurred by each local action group;
on such occasions as they consider fit, and subject to–
(c)such conditions as Ministers may prescribe in writing from time to time; and
(d)the funding restrictions specified in regulation 5.
(2) Local action group grant may be made available for the following purposes–
(a)implementation of the local development strategy of a local action group;
(b)implementation of the projects of a local action group;
(c)partnership working (across regions or countries) between local action groups and other rural groups similar in constitution to a local action group; and
(d)management of local action groups and all activities which contribute to the development of the local action group area and all collaborative or partnership activities.