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Housing and Regeneration Act 2008

Section 95 - Financial assistance

190.This section gives the regulator a power to give financial assistance in certain circumstances.

191.Subsection (1) gives the regulator power to give financial assistance in connection with research, guidance, best practice and tenant involvement.

192.Subsection (2) sets out a range of means by which the regulator may give financial assistance, including grant, loan, or the defraying of expenditure on behalf of a person. Subsection (2)(d)notes that the regulator may also give financial assistance in any other way, with the specified exceptions of purchasing loan or share capital of a body corporate or the giving of a guarantee or indemnity.

193.Subsection (3) gives the regulator a separate power to give financial assistance to a registered provider by lending money or giving a guarantee or indemnity. Such assistance may only be given with the consent of the Secretary of State (subsection (4)) given with the approval of the Treasury.

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