Housing Grants, Construction and Regeneration Act 1996 (c. 53)

Part IV E+W+S Grants &c. for regeneration, development and relocation

Financial assistance for regeneration and development E+W+S

127 Regeneration and development: forms of assistance. E+W+S

(1) Financial assistance under section 126 (powers of Secretary of State to give financial assistance) may be given in any form.

(2) Assistance may, in particular, be given by way of—

(a) grants,

(b) loans,

(c) guarantees, or

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

(3) The Secretary of State must not, in giving financial assistance under section 126, purchase loan or share capital in a company.