SCHEDULES

SCHEDULE 16The National Institute for Health and Care Excellence

General powers

I110

1

NICE may do anything which appears to it to be necessary or expedient for the purposes of, or in connection with, the exercise of its functions.

2

But, except as provided by paragraph 11(3), NICE has no power to borrow money.

3

NICE may do any of the following only with the approval of the Secretary of State—

a

form, or participate in the forming of, companies,

b

invest in companies (whether by acquiring assets, securities or rights or otherwise), and

c

provide loans and guarantees and make other kinds of financial provision to or in respect of companies.

4

The approval of the Secretary of State may be given for the purposes of sub-paragraph (3) subject to such conditions as the Secretary of State thinks appropriate.

5

In this paragraph “company” has the same meaning as in the Companies Acts (see section 1(1) of the Companies Act 2006).