(1)The power of UKRI under section 93 to give financial support includes, in particular, power to make grants, loans or other payments.
(2)Financial support may be given by UKRI under that section on such terms and conditions as UKRI considers appropriate.
(3)The terms and conditions may, in particular—
(a)enable UKRI to require the repayment, in whole or in part, of sums paid by UKRI if any of the terms and conditions subject to which the sums were paid is not complied with,
(b)require the payment of interest in respect of any period during which a sum due to UKRI in accordance with any of the terms and conditions remains unpaid, and
(c)require a person to whom financial support is given to provide UKRI with any information it requests for the purpose of the exercise of any of its functions.
(4)In exercising the power under section 93 to give financial support to any person, UKRI must have regard to the desirability of not discouraging the person from maintaining or developing funding from other sources.
Commencement Information
I1S. 94 in force at 30.3.2018 by S.I. 2018/241, reg. 3(a)