PART 1

Strategic highways companies

Finance

Financial assistance
17
1
The Secretary of State may provide financial assistance—
a
to a strategic highways company, for the purpose of any of its functions, or
b
to any other person, for the promotion or improvement of transport services by land in England.
2
Financial assistance may be provided in such form and on such terms as the Secretary of State considers appropriate.
3
The form in which financial assistance may be provided includes in particular—
a
grants,
b
loans, or
c
guarantees.
4
The terms on which financial assistance may be provided include in particular—
a
in the case of a grant or a loan, terms as to repayment;
b
in the case of a guarantee, terms as to reimbursement.
5
Subsection (1) does not affect any other power of the Secretary of State to provide financial assistance.
6
Subsection (1)(b) does not authorise the Secretary of State to provide financial assistance that he or she may provide under section 6 of the Railways Act 2005 (financial assistance relating to rail services).
7
In section 17(1)(e) of the Ministry of Transport Act 1919 (power to make advances for the promotion and improvement of transport services by land or water), after “by land” insert “ in Wales ”.
S. 17 in force at 5.3.2015 by S.I. 2015/481, reg. 2(a)