Part 1Provision for new legal frameworks
Chapter 3Powers to form companies etc
13 General powers of Secretary of State in relation to companies
1
The Secretary of State may, if he considers it expedient to do so for purposes connected with any function of his relating to education—
a
form, or participate in forming, companies to carry on any activities which he considers likely to secure or facilitate the achievement of those purposes, or
b
invest in any company which is to carry on such activities.
2
In this section “education” includes—
a
vocational training (including the preparation of young people for employment in general), and
b
social and physical training (including the promotion of the development of young children),
but does not include higher education.
3
In this section “company” means a company F1as defined in section 1(1) of the Companies Act 2006.
4
The reference in subsection (1) to investing in a company includes a reference to becoming a member of the company and to investing in it by the acquisition of any assets, securities or rights or otherwise.
5
This section is without prejudice to any powers of the Secretary of State exercisable otherwise than by virtue of this section.