Part 12Core fuel sector resilience
Chapter 4General
Financial assistance
I1I2287Financial assistance for resilience and continuity purposes
1
The Secretary of State may, with the consent of the Treasury, provide financial assistance to a core fuel sector participant for the purpose of—
a
maintaining or improving core fuel sector resilience, or
b
securing or maintaining continuity of supply of core fuels.
2
Financial assistance under this section may be given in any form.
3
Financial assistance under this section may, in particular, be given by way of—
a
grants,
b
loans,
c
guarantee or indemnity,
d
the acquisition of shares or any other interest in, or securities of, a body corporate,
e
the acquisition of any undertaking or assets, or
f
incurring expenditure for the benefit of the person assisted.
4
Financial assistance under this section may be given on such terms and conditions as the Secretary of State considers appropriate (including provision for repayment, with or without interest).
5
The Secretary of State is not authorised by this section to give financial assistance in the way described in subsection (3)(d) without the consent of the body corporate concerned.