PART 3Payment of grants and making of loans by the Welsh Ministers
Payments of grants and making of loans4.
(1)
The Welsh Ministers may, in accordance with this Scheme, pay grants or make loans, in respect of the activities listed in the Schedule to these Regulations.
(2)
The Welsh Ministers may pay a grant or make a loan under paragraph (1) to any person—
(a)
who has applied for a grant or a loan, and
(b)
whose application the Welsh Ministers have approved.