Part IV Grants &c. for regeneration, development and relocation

Financial assistance for regeneration and development

127 Regeneration and development: forms of assistance.

1

Financial assistance under section 126 (powers of Secretary of State to give financial assistance) may be given in any form.

2

Assistance may, in particular, be given by way of—

a

grants,

b

loans,

c

guarantees, or

d

incurring expenditure for the benefit of the person assisted.

3

The Secretary of State must not, in giving financial assistance under section 126, purchase loan or share capital in a company.