Statutory Instruments
2003 No. 849
INDUSTRIAL DEVELOPMENT
The Financial Assistance For Industry (Increase of Limit) Order 2003
Made
24th March 2003
Coming into force
25th March 2003
The Secretary of State, in exercise of the powers conferred on her by section 8(5) of the Industrial Development Act 1982( 1 ) and with the consent of the Treasury and after consultation with the National Assembly for Wales, hereby makes the following Order, a draft of which has been laid before the House of Commons and has been approved by a resolution of that House in accordance with section 8(10) of that Act:
1. This Order may be cited as the Financial Assistance for Industry (Increase of Limit) Order 2003 and shall come into force on the day after it is made.
2. The limit specified in section 8(5) of the Industrial Development Act 1982( 2 ) shall be increased by the sum of £200 million to £2,700 million.
3. This Order extends to the whole of the United Kingdom.
Alan Johnson,
Minister of State for Employment Relations, Industry and the Regions,
Department of Trade and Industry
13th March 2003
We consent to the making of this Order,
Nick Ainger,
Jim Fitzpatrick,
Two of the Lords Commissioners of Her Majesty’s Treasury
24th March 2003
1982 c. 52 . As regards Wales, Article 5 of and Schedule 2 to the National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672 ) directs that the power of the Secretary of State is exercisable in relation to Wales only after consultation with the Assembly. As regards Scotland, the power was transferred to the Scottish Ministers by section 53 of the Scotland Act 1998 (c. 46) but remains exercisable by the Secretary of State by virtue of section 56(1) of that Act.