Part 6: Miscellaneous and general Chapter 1: Miscellaneous Section 82: Gross cash and gross cash equivalent amount of financial assistance
This section gives the Secretary of State the power to set out a methodology for calculating the gross cash equivalent of a subsidy that is not provided in cash terms (for example, a loan or guarantee), in order to determine whether particular thresholds have been met for the purposes of sections 33, 36, 38 and 41 (thresholds for minimal and SPEI financial assistance and transparency requirements for subsidies granted under a scheme). This methodology would also apply to any provision regulations or schemes made under this Act. For example, we would expect to refer to this section in any regulations made under section 11 (Subsidies and Schemes of Interest and of Particular Interest), which make reference to the value of a subsidy.