Aims and powers

8General powers

I1I41

South of Scotland Enterprise may do anything which appears to it to be—

a

either—

i

necessary or expedient for the purposes of, or in connection with, achieving its aims or the performance of any of its other functions, or

ii

otherwise conducive to the performance of its functions, and

b

consistent with its action plan.

2

Without prejudice to the generality of subsection (1), South of Scotland Enterprise may—

I2a

enter into contracts,

I2b

acquire and dispose of land and other property,

I3c

form or promote (whether alone or with others) subsidiaries within the meaning of section 1159 of the Companies Act 2006,

I3d

form and register (whether alone or with others) a society under the Co-operative and Community Benefit Societies Act 2014,

I3e

enter into a partnership,

I3f

become a member of a consortium,

I3g

provide grants and loans.

I1I43

Despite the generality of subsection (1), South of Scotland Enterprise may not borrow money except from—

a

the Scottish Ministers (see section 19), or

b

a person who is, or was at the time the loan was made, one of its subsidiaries within the meaning of section 1159 of the Companies Act 2006.

I34

South of Scotland Enterprise may charge for providing a service.