12.—(1) Without the prior permission of the Government, the total amount of money granted to a particular industrial undertaking under any section referred to in section 34 of the Act of 1986 shall not exceed in the aggregate the higher of—
(a) £2,500,000, or
(b) £2,500,000 in excess of the aggregate amount of grants for which the prior permission of the Government has previously been obtained.
(2) The Agencies may make grants on such terms and conditions as are specified in the Act of 1986 towards the employment of persons in a service industry.
