2 Grants to regional development organisations.E+W+S
(1)The Secretary of State may out of money provided by Parliament make grants to any body within subsection (2) below for the purpose of assisting it to promote industrial or commercial development in the area with which it is concerned.
(2)The bodies referred to in subsection (1) above are—
(a)the Devon and Cornwall Development Bureau;
(b)the North of England Development Council;
(c)the North West Industrial Development Association;
(d)the Yorkshire and Humberside Development Association;
(e)any other body, whether corporate or unincorporate, whose principal object appears to the Secretary of State to be the promotion of industrial or commercial development in an area in England.
(3)The Secretary of State shall obtain the consent of the Treasury before making a grant under this section to any body other than one named in subsection (2)(a) to (d) above.
(4)In making a grant under this section the Secretary of State may impose such conditions as he thinks fit, including in particular—
(a)a condition requiring the recipient to keep proper accounts and records in respect of the application of the grant;
(b)a condition requiring the recipient to submit to the Secretary of State such periodic statements of accounts and reports relating to the application of the grant as the Secretary of State may direct; and
(c)a condition requiring the recipient to repay the whole or any part of the grant if any condition of the grant is not complied with.
(5)The Secretary of State shall lay before each House of Parliament a copy of every statement and report submitted to him in compliance with a condition of the kind described in subsection (4)(b) above.