6(1)Section 292A (the maximum amount raised annually through risk capital schemes requirement) is amended as follows.U.K.
(2)In subsection (1) for “£2 million” substitute “ £5 million ”.
(3)In subsection (3)—
(a)in paragraph (b), omit sub-paragraph (ii), and
(b)after that paragraph insert “, or
(c)any other investment is made in the company which is aid received by it pursuant to a measure approved by the European Commission as compatible with Article 107 of the Treaty on the Functioning of the European Union in accordance with the principles laid down in the Community Guidelines on Risk Capital Investments in Small and Medium-sized Enterprises (as those guidelines may be amended or replaced from time to time).”
(4)In subsection (5) omit “or paragraph 42 of Schedule 15 to FA 2000”.
Commencement Information
I1Sch. 8 para. 6(2) in force at 19.7.2012 for the purposes of the amendment made by that sub-paragraph by S.I. 2012/1901, art. 2(a)