PART 1Overview and key interpretation
Other key terms
I111Subsidies and schemes of interest or particular interest
1
In this Act—
a
“subsidy, or subsidy scheme, of interest”, and
b
“subsidy, or subsidy scheme, of particular interest”,
have the meanings given in regulations made by the Secretary of State.
2
Regulations under this section defining “subsidy, or subsidy scheme, of interest” or “subsidy, or subsidy scheme, of particular interest” may make provision by reference (among other things) to—
a
the value of the subsidy or the value of the subsidies given under the subsidy scheme, and
b
the sector in which the expected beneficiaries of the subsidy or subsidy scheme operate, and any characteristics of that sector.
3
Provision under subsection (2)(a) may provide for the value of a subsidy to be determined by reference to its gross cash amount or the gross cash equivalent.
4
Regulations under this section are subject to the affirmative procedure.