4Financial assistance

1

A scheme may provide for financial assistance to be given in any form, including, in particular, by way of a grant, loan or guarantee.

2

A scheme may provide for financial assistance to be provided subject to such conditions as may be specified in, or determined in accordance with, the scheme.

3

Those conditions may include (in the case of a grant) conditions for repayment in specified circumstances.

4

A scheme may provide for financial assistance to be provided–

a

directly to those entitled to receive it under the scheme; or

b

indirectly (for example by being made to a public body on terms which require that body to provide financial assistance to those so entitled).

5

Financial assistance may be provided under this Act even though other powers to provide financial assistance exist.