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Training grants by Authority.
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39.—(1) The Authority may make grants (in this Act referred to as training grants), on such terms and conditions as it thinks proper, for the training (either in the State or elsewhere) of persons in the processes of an industrial undertaking, if the Authority is satisfied that—
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(a) the undertaking would be likely to provide or maintain employment in the State,
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(b) financial assistance is necessary to secure the establishment, maintenance or development of the undertaking, and
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(c) the undertaking is of a reasonably permanent nature and will be carried on efficiently.
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(2) A training grant may be made for the training of persons for positions of supervision or management in an industrial undertaking or for the engagement of instructors, technical advisers or consultants to train (or assist in the training of) persons for such positions.
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(3) The amount of training grants made in respect of a particular industrial undertaking shall not exceed the sum of the amount of wages or salaries paid by the undertaking during the period of training to the persons being trained, the amount of expenses paid to those persons by the undertaking for travel and subsistence and the amount paid by the undertaking in respect of fees (including fees and remuneration of instructors, advisers and consultants) and similar expenses connected with the training.
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