Energy Act 2023

176Financial assistance for the ISOPE+W+S

This section has no associated Explanatory Notes

(1)The Secretary of State may provide financial assistance to the ISOP.

(2)Financial assistance under this section may be provided in any form and in particular may be provided by way of—

(a)grant,

(b)loan,

(c)guarantee or indemnity, or

(d)the acquisition of shares or any other interest in, or securities of, a body corporate.

(3)Financial assistance under this section may be provided subject to such conditions as the Secretary of State considers appropriate (which may include conditions about repayment with or without interest or other return).

Commencement Information

I1S. 176 not in force at Royal Assent, see s. 334(1)

I2S. 176 in force at 31.1.2024 by S.I. 2024/32, reg. 3(a)(vii)