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Grants for the enlargement or adaptation of undertakings.
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4.—(1) The Board may make grants on such terms as they think proper towards the cost of enlarging an industrial undertaking in an undeveloped area or of adapting the machinery, plant, equipment, buildings or other works of the undertaking so as to enable the business of the undertaking to be carried on more efficiently or to enable the undertaking to engage in the manufacture of products not manufactured by it before the making of the enlargement or adaptation.
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(2) A grant under this section shall not exceed one-quarter of the cost of the enlargement or adaptation in respect of which the grant is made.
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(3) A grant shall not be made under this section in respect of the enlargement of an industrial undertaking or the adaptation of the plant, equipment, buildings or other works thereof if a grant can be made under any other provision of the Undeveloped Areas Acts, 1952 and 1957, in respect of the enlargement or adaptation.
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(4) A grant may be made under this section in respect of an enlargement or adaptation commenced on or after the 14th day of December, 1961, and before the date of the passing of this Act.
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(5) A grant shall not be made under this section after the 31st day of March, 1965, in respect of an enlargement or adaptation unless the enlargement or adaptation is approved by the Board before the said 31st day of March, 1965.
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(6) Grants under this section shall be made out of moneys provided by the Oireachtas.
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