Section 30 — Financial assistance
This version in force from 2022-01-04
Snapshot: 2026-08-24
Reproduced from legislation.gov.uk (Crown Copyright, Open Government Licence v3.0). Amendments made after 2026-08-24 may not be reflected — always check the official text .
(1) The Secretary of State may, with the consent of the Treasury, give financial assistance to or in respect of an entity in consequence of the making of a final order.
(2) “Financial assistance” means loans, guarantees or indemnities, or any other kind of financial assistance (actual or contingent).
(3) If during any relevant period the amount given under this section totals £100 million or more, the Secretary of State must as soon as practicable lay a report of the amount before the House of Commons.
(4) If during a relevant period in which a report has been laid under subsection (3) any further amount is given under this section, the Secretary of State must as soon as practicable lay a report of the amount before the House of Commons.
(5) “Relevant period” means—
(a) the period beginning with the day on which this section comes into force and ending with the following 31 March, and
(b) each subsequent period of 12 months.