Moved by
Baroness Bennett of Manor Castle (GP)
237: Clause 141, page 119, line 17, at end insert—
“(c) after subsection (2) insert—
“(3) No financial assistance provided under this section may be used for the purposes of—
(a) repaying debt;
(b) paying interest on debt;
(c) making distributions to shareholders.””
Member’s explanatory statement
This amendment ensures that financial assistance given by the Secretary of State is not distributed to shareholders or used to repay debt obligations.