Industry and Exports (Financial Support) Act 2009
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Peter Mandelson (Lords)
| Act of Parliament | |
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| Long title | An Act to amend section 8(5) of the Industrial Development Act 1982 and to amend section 1(1) of the Export and Investment Guarantees Act 1991. |
|---|---|
| Citation | 2009 c. 5 |
| Introduced by | Pat McFadden MP, Minister of State, Department for Business, Enterprise & Regulatory Reform (Commons) Peter Mandelson (Lords) |
| Territorial extent | United Kingdom[2] |
| Dates | |
| Royal assent | 21 May 2009 |
| Commencement | 21 May 2009[3] |
| Other legislation | |
| Amends | |
| History of passage through Parliament | |
| Text of statute as originally enacted | |
| Revised text of statute as amended | |
The Industry and Exports (Financial Support) Act 2009 (c. 5) is an act of the Parliament of the United Kingdom. It was enacted in response to the "global downturn".[4]
Section 1 – Increase in limit on selective financial assistance for industry
Section 1(1) substituted section 8(5) of the Industrial Development Act 1982.
Section 1(2) repealed the Industrial Development (Financial Assistance) Act 2003
Section 2 – Assistance in connection with exports of goods or services
Section 2(1) substituted, for section 1(1) of the Export and Investment Guarantees Act 1991, new subsections (1) and (1A).
Section 2(2) provides that the power conferred by section 1(1) of that Act, as substituted, includes a power to make arrangements in connection with goods or services supplied before the commencement of section 2 of this act.
Section 3
Section 3(2) provides that this act came into force on the day on which it was passed (that is to say, received royal assent). This means that it came into force at the beginning[5] of 21 May 2009.
Section 3(3) authorises the citation of this act by a short title.
