Industrial Development Act 1982
| Jurisdiction | UK Non-devolved |
| Citation | 1982 c. 52 |
| Year | 1982 |
a development area; oran intermediate area.(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(3) In exercising his powers under the preceding provisions of this section the Secretary of State shall have regard to all the circumstances actual and expected, including the state of employment and unemployment, population changes, migration and the objectives of regional policies.wards;travel to work areas (being areas by reference to which the Secretary of State publishes unemployment statistics) ; any other area which has been created by, or exists or existed for the purposes of, any Act or statutory instrument (whenever passed or made) ;(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .( 6 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(7) An order under this section shall be contained in a statutory instrument which, subject to subsection (8) below, shall be subject to annulment in pursuance of a resolution of either House of Parliament(8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . the financial assistance is likely to provide, maintain or safeguard employment in any part of the assisted areas; andthe undertakings for which the assistance is provided are or will be wholly or mainly in the assisted areas.to promote the development or modernisation of an industry;to promote the efficiency of an industry;to create, expand or sustain productive capacity in an industry, or in undertakings in an industry;to promote the reconstruction, reorganisation or conversion of an industry or of undertakings in an industry;to encourage the growth of, or the proper distribution of undertakings in, an industry;to encourage arrangements for ensuring that any contraction of an industry proceeds in an orderly way.investment by acquisition of loan or share capital in any company, including an acquisition effected by the Secretary of State through another company, being a company formed for the purpose of giving financial assistance under this Part of this Act or Part II of the investment by the acquisition of any undertaking or of any assets,a loan, whether secured or unsecured, and whether or not carrying interest, or interest at a commercial rate,any form of insurance or guarantee to meet any contingency, and in particular to meet default on payment of a loan, or of interest on a loan, or non-fulfilment of a contract.(4) Financial assistance shall not be given under this section in the way described in subsection (3) (a) above unless the Secretary of State is satisfied that it cannot, or cannot appropriately, be so given in any other way; and the Secretary of State, in giving financial assistance in the way so described, shall not acquire any shares or
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