#2026/14Sanayi ve İhracat (Mali Yardım) Yasası 2026
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The Industry and Exports (Financial Assistance) Act 2026 increases the limits on financial assistance available for industry and exports. This change affects businesses seeking government support for development and overseas investments by raising the maximum amounts they can receive. The new limits aim to enhance financial support for industries and exporters.
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Key Changes
- Increased the limit for selective financial assistance from £12 billion to £20 billion.
- Raised the export and overseas investment assistance limit from 82,700 million special drawing rights to £160 billion.
- Changed the maximum sum for certain guarantees from 5,000 million special drawing rights to £15 billion.
Obligations
What this law requires
Amend section 8(5) of the Industrial Development Act 1982 to increase the selective financial assistance limit for industry from £12,000 million to £20 billion
Amend section 8(5) of the Industrial Development Act 1982 to increase the individual project assistance limit from £1,000 million to £1.5 billion
Amend section 6(1) of the Export and Investment Guarantees Act 1991 to increase the financial assistance commitment limit from 82,700 million special drawing rights to £160 billion
Amend section 6(4)(a) of the Export and Investment Guarantees Act 1991 to increase the order-specified limit from 5,000 million special drawing rights to £15 billion
Correct section 6(4A) of the Export and Investment Guarantees Act 1991 to reference only the limit in subsection (3) instead of the limits mentioned in subsection (4)