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PART 8E+WLondon

CHAPTER 2E+WMayoral development corporations

Modifications etc. (not altering text)

C3Pt. 8 Ch. 2 applied (with modifications) (3.3.2017) by The Tees Valley Combined Authority (Functions) Order 2017 (S.I. 2017/250), arts. 1(2), 4(1)(2), Sch. (with arts. 3, 4(3))

C5Pt. 8 Ch. 2 applied (with modifications) (8.5.2017) by The West of England Combined Authority Order 2017 (S.I. 2017/126), arts. 1(4), 14(1), Sch. 3

C10Pt. 8 Ch. 2: power to amend conferred (26.12.2023) by Levelling-up and Regeneration Act 2023 (c. 55), ss. 132, 255(3)(a) (with s. 247)

Other functionsE+W

213Financial assistanceE+W

(1)An MDC may, with the consent of the Mayor, give financial assistance to any person.

(2)Financial assistance under this section may be given in any form.

(3)Financial assistance under this section may, in particular, be given by way of—

(a)grants,

(b)loans,

(c)guarantee or indemnity,

(d)investment, or

(e)incurring expenditure for the benefit of the person assisted.

(4)Financial assistance under this section may be given on such terms and conditions as the MDC giving it considers appropriate (including provision for repayment, with or without interest).