Part 1Assistance
Form of assistance
6Financial assistance
(1)
Financial assistance may be provided under this Act—
(a)
by way of grant or loan,
(b)
in the form of a guarantee, or
(c)
by the Secretary of State acquiring securities of a company.
(2)
More than one form of financial assistance may be provided in any case.
(3)
In this section—
“company” includes any body corporate, wherever registered; and
“securities”, in relation to a company, means shares (including stock), debentures, bonds and other securities, whether constituting a charge on the assets of the company or not.
(4)
This section is subject to section 7(3) (Treasury approval required for certain financial assistance).