Statutory Instruments
2009 No. 1228
Industrial Development
The Financial Assistance For Industry (Increase of Limit) (No. 3) Order 2009
Made
14th May 2009
Coming into force
15th May 2009
The Secretary of State makes the following Order in exercise of the powers conferred on the Secretary of State by section 8(5) of the Industrial Development Act 1982( 1 ), and with the consent of the Treasury and after consultation with the Welsh Ministers.
In accordance with section 8(10) of that Act, a draft of this instrument was laid before the House of Commons and has been approved by a resolution of that House.
Citation, commencement, and extent
1. —(1) This Order may be cited as the Financial Assistance For Industry (Increase of Limit) (No. 3) Order 2009 and shall come into force on the day after it is made.
(2) This Order extends to the whole of the United Kingdom.
Increase of Limit
2. The limit specified in section 8(5) of the Industrial Development Act 1982( 2 ) shall be increased by the sum of £600 million to £6,100 million.
Ian Pearson
Economic and Business Minister,
Department for Business, Enterprise and Regulatory Reform
14th May 2009
We consent to the making of this Order
Tony Cunningham
Bob Blizzard
Two of the Lords Commissioners of Her Majesty’s Treasury
13th May 2009
1982 c.52 section 8(5) was substituted by section 1 of the Industrial Development (Financial Assistance) Act 2003 c.11 , which increased the limit to £3,700 million. As regards Wales, Article 5 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 National Assembly for Wales constituted under the Government of Wales Act 1998 (c.38) . By virtue of paragraphs 30 and 32 of schedule 11 to the Government of Wales Act 2006 c.32 , that function was transferred to the Welsh Ministers immediately after the end of the initial period as defined by section 161(5) of that Act. As regards Scotland, despite the transfer of the power to the Scottish Ministers by section 53 of the Scotland Act 1998 (c.46) , the power remains exercisable by the Secretary of State by virtue of section 56(1) of that Act.
The limit of £3,700 million in section 8(5) has been increased to £4,300 million by the Financial Assistance For Industry (Increase of Limit) Order 2008 ( S.I 2008/1272 ), to £4,900 million by the Financial Assistance For Industry (Increase of Limit) Order 2009 ( S.I. 2009/712 ) and to £5,500 million by the Financial Assistance For Industry (Increase of Limit) (No. 2) Order 2009 ( S.I. 2009/1227 ).