Explanatory Note
(This note is not part of the Order)
The Meteorological Office Trading Fund was established by the Meteorological Office Trading Fund Order 1996 (S.I. 1996/774) on 1st April 1996.
The Meteorological Office Trading Fund (Maximum Borrowing) Order 2019 (S.I. 2019/927) increased the maximum that the Meteorological Office Trading Fund may borrow from £200,000,000 to £300,000,000.
This Order increases the maximum that the Meteorological Office Trading Fund may borrow from £300,000,000 to £400,000,000.
A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary sector or community bodies is foreseen.
An Explanatory Memorandum is published alongside the instrument on legislation.gov.uk.