Part V Property and Finance
F2Joint 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 F1as defined in section 1(1) of the Companies Act 2006;
“facilities” includes the provision of (or the use of) premises, goods, equipment, materials, vehicles, plant or apparatus.
S. 84B and cross-heading inserted (S.) (17.10.2005) by Smoking, Health and Social Care (Scotland) Act 2005 (asp 13), ss. 37(1), 43(3); S.S.I. 2005/492, art. 3(a), Sch. 1