- Latest available (Revised)
- Original (As enacted)
This is the original version (as it was originally enacted).
(1)Where a designated district authority are satisfied that the carrying out by any person of any works mentioned in subsection (2) below on land situated within an improvement area would benefit that area, they may make a grant to that person for the purpose of enabling him to carry out those works.
(2)The works referred to in subsection (1) above are as follows—
(a)the conversion, extension, improvement or modification of industrial or commercial buildings ; and
(b)the conversion of other buildings into industrial or commercial buildings.
(3)The amount of a grant under this section shall not exceed—
(a)50 per cent, of the cost of carrying out the works ; or
(b)£1,000, or such other amount as may be specified in an order made by the Secretary of State, for each job which, in the opinion of the authority, is likely to be created or preserved as a result of the carrying out of the works,
whichever is the less.
An order under this subsection may make different provision for different designated districts.
(4)Subsections (2) and (3) of section 3 above shall apply in relation to the making of grants under this section as they apply in relation to the making of grants under that section.
(5)In this section " industrial or commercial building " means a building in use or intended for use for industrial or commercial purposes.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: