SCHEDULES

SCHEDULE 25Further amendments of the Regional Development Agencies Act 1998

Grants

5

1

Section 10 (government grants to the regional development agencies) shall be amended as follows.

2

At the beginning there shall be inserted “(1)”.

3

In the subsection (1) so formed, after “agency” there shall be inserted “other than the London Development Agency”.

4

After the subsection (1) so formed there shall be inserted—

2

The Secretary of State may, with the approval of the Treasury, make to the Greater London Authority grants of such amounts, and on such terms, as he thinks fit.

3

Any grant made under subsection (2) shall be made for the purposes of the London Development Agency.