Industrial Development Act 1982

17 Supplemental

(1) In this Part of this Act " land " includes messuages, tenements and hereditaments, houses and buildings of any tenure.

(2) In this Part of this Act " undertaking " means any trade or business or any other activity providing employment.

(3) Where at any time a locality ceases to be a development area or intermediate area, the fact that it is no longer such an area shall not prejudice—

(a) the completion by the Secretary of State of buildings or works begun before that time in the locality under subsection (1) of section 14 above, or the exercise by the Secretary of State in relation to land in that locality of his powers under that subsection so far as may be necessary for the purpose of fulfilling any agreement entered into by the Secretary of State before that time ;

(b) the making under this Part of this Act of any grant or loan in any case in which an application for the grant or loan was received by the Secretary of State before that time ; or

(c) the continued operation of any agreement relating to such grant or loan as is mentioned in paragraph (b) above or of any other agreement relating to grants or loans entered into under this Part of this Act or corresponding provisions of the [1972 c. 5.] Local Employment Act 1972.