Industrial Development Act, 1975

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Amendment of section 38 of Principal Act.

2.—Section 38 of the Principal Act is hereby amended by the substitution for subsections (3) and (4) of the following subsections:

“(3) The total amount of moneys paid in grants under this section in respect of an industrial undertaking shall not exceed £850,000.

(4) Notwithstanding anything in this section the Government may, in respect of a particular industrial undertaking, permit the making by the Authority of grants under subsection (1) of this section exceeding in amount £850,000, but provided that in each such case the percentage limits specified in subsection (2) of this section are not exceeded ”.