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.