Part V Property and Finance

F1Joint ventures

84BJoint ventures

(1)

The Scottish Ministers may do any (or all) of the following—

(a)

form or participate in forming companies to provide facilities or services for persons or groups of persons exercising functions, or otherwise providing services, under this Act;

(b)

participate in companies providing facilities or services for persons or groups of persons falling within paragraph (a);

(c)

with a view to securing or facilitating the provision by companies of facilities or services for persons or groups of persons falling within paragraph (a)—

(i)

invest in the companies (whether by acquiring assets, securities or rights or otherwise);

(ii)

provide loans and guarantees and make other kinds of financial provision to or in respect of them.

(2)

For the purpose of subsection (1), it is immaterial that the facilities or services provided or to be provided by a company are not provided or to be provided—

(a)

only to persons or groups of persons exercising functions, or otherwise providing services, under this Act; or

(b)

to such persons or groups of persons only in that capacity.

(3)

In this section—

“companies” means companies within the meaning of the Companies Act 1985 (c. 6);

“facilities” includes the provision of (or the use of) premises, goods, equipment, materials, vehicles, plant or apparatus.