PART 3Exemptions
CHAPTER 2Minimal or SPEI financial assistance
General
41Exemption for certain subsidies given to SPEI enterprises
(1)
The requirements as to transparency in Chapter 3 of Part 2 do not apply to a subsidy given to a SPEI enterprise for the purpose of the provision of SPEI services, where the subsidy is no more than £100,000.
(2)
For the purposes of subsection (1)—
(a)
if assistance is provided in cash, the gross cash amount given is to be used in determining the amount of the assistance;
(b)
if assistance is provided otherwise than in cash, the amount of assistance given is to be determined by reference to the gross cash equivalent of the assistance.