The Act
Commentary on Sections
Section 1: Increase in limit on selective financial assistance
6.This section replaces subsection (5) of section 8 of the Industrial Development Act 1982. The section retains the structure of tranches in the existing legislation but replaces the numerical ceilings with new, higher ones. The initial ceiling on financial assistance has been increased from £1,900 million to £3,700 million and the subsequent four tranches from up to £200 million to up to £600 million each.