Section 86B | Interpretation of section 86A ^F1

(1)This section applies for the purposes of section 86A.^F1

(2)A flood or coastal erosion risk management project is a qualifying project if—^F1

(a)an English risk management authority has applied to the Environment Agency for a grant under section 16 of the Flood and Water Management Act 2010 in order to fund the project, or^F1

(b)the Environment Agency has determined that it will carry out the project,^F1

and the Environment Agency has allocated funding by way of grant-in-aid to the project.

(3)A contribution to a flood or coastal erosion risk management project is a qualifying contribution if the contribution is made—^F1

(a)for the purposes of the project, and^F1

(b)under an agreement between—^F1

(i)the company making the contribution, and^F1

(ii)the applicant authority or (as the case may be) the Environment Agency,^F1

or between those two bodies and other persons.

(4)References to a flood risk management project or a coastal erosion risk management project are to be interpreted in accordance with sections 1 to 3 of the Flood and Water Management Act 2010.^F1

(5)In section 86A and this section—^F1

“contribution”, in relation to an accounting period, means—

(a)a sum of money paid in that accounting period, or

(b)any services provided in that accounting period;

“English risk management authority” has the meaning given by section 6(14) of the Flood and Water Management Act 2010.