a natural person carrying on a business involving pig production, to whom a qualifying loan has been or is to be made and who undertakes, in the event of payment of the grant being approved under this Scheme, to pursue the objectives of that person’s business plan; and

a person (other than a natural person) carrying on a business involving pig production, to which a qualifying loan has been or is to be made and which undertakes or on behalf of which another person duly authorised for the purpose undertakes, in the event of payment of the grant being approved under this Scheme, to pursue the objectives of its business plan.