Section 4 | Financial assistance

(1)The Secretary of State may provide financial assistance to Great British Energy.

(2)Financial assistance under this section may be provided in any form and in particular may be provided—

(a)by way of grant, loan, guarantee or indemnity,

(b)by the acquisition of shares or any other interest in, or securities of, a body corporate,

(c)by the acquisition of any undertaking or of any assets,

(d)pursuant to a contract, or

(e)by incurring expenditure for the benefit of Great British Energy.

(3)Financial assistance under this section may be provided subject to any conditions the Secretary of State considers appropriate.

(4)The power to provide financial assistance under this section is in addition to (and does not limit or replace) any other power of a Minister of the Crown to provide financial assistance.

(5)“Minister of the Crown” has the same meaning as in the Ministers of the Crown Act 1975 (see section 8(1) of that Act).