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Industry and Exports (Financial Support) Bill |
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Explanatory notes to the Bill, prepared by the Department for Business, Enterprise |
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and Regulatory Reform are published separately as Bill 70—EN. |
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EUROPEAN CONVENTION ON HUMAN RIGHTS |
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Mr Pat McFadden has made the following statement under section 19(1)(a) of the |
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In my view the provisions of the Industry and Exports (Financial Support) Bill are |
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compatible with the Convention rights. |
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[Note: The Bill was presented under S.O. No. 50.] |
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amend section 8(5) of the Industrial Development Act 1982 and to amend |
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section 1(1) of the Export and Investment Guarantees Act 1991. |
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Be it enacted by the Queen’s most Excellent Majesty, by and with the advice and |
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consent of the Lords Spiritual and Temporal, and Commons, in this present |
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Parliament assembled, and by the authority of the same, as follows:— |
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1 | Increase in limit on selective financial assistance for industry |
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(1) | In section 8 of the Industrial Development Act 1982 (c. 52) (selective financial |
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assistance: general powers), for subsection (5) (which specifies the limit on the |
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amount of financial assistance) substitute— |
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“(5) | The limit shall be £12,000 million, but the Secretary of State may, on not more |
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than four occasions, by order made with the consent of the Treasury increase |
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or further increase that limit by a sum specified in the order, being a sum not |
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exceeding £1,000 million.” |
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(2) | The Industrial Development (Financial Assistance) Act 2003 (c. 11) is repealed. |
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2 | Assistance in connection with exports of goods or services |
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(1) | In section 1 of the Export and Investment Guarantees Act 1991 (c. 67) |
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(assistance in connection with exports of goods and services), for subsection (1) |
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“(1) | The Secretary of State may make arrangements under this section in |
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connection with supplies by persons carrying on business in the United |
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Kingdom of goods or services to persons carrying on business outside the |
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(1A) | Arrangements under subsection (1) may be made in connection with goods or |
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services supplied before the arrangements are made or in connection with |
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goods or services which are to be, or which may be, supplied.” |
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(2) | The power conferred by section 1(1) of the Export and Investment Guarantees Act 1991 |
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(as amended by subsection (1)) includes power to make arrangements in connection |
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with goods or services supplied before this section comes into force. |
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Industry and Exports (Financial Support) Bill |
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To amend section 8(5) of the Industrial Development Act 1982 and to amend |
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section 1(1) of the Export and Investment Guarantees Act 1991. |
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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Ordered, by The House of Commons, |
| | | | | to be Printed, 4 March 2009. |
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© Parliamentary copyright House of Commons 2009
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Applications for reproduction should be made in writing to the Information Policy Team,
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Office of Public Sector Information, Kew, Richmond, Surrey TW9 4DU
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PUBLISHED BY AUTHORITY OF THE House of Commons
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LONDON — THE STATIONERY OFFICE LIMITED
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Printed in the United Kingdom by
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The Stationery Office Limited
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