The Industry and Exports (Financial Support) Act 2009 (c 5) is an Act

Act of Parliament

An Act of Parliament is a statute enacted as primary legislation by a national or sub-national parliament. In the Republic of Ireland the term Act of the Oireachtas is used, and in the United States the term Act of Congress is used.In Commonwealth countries, the term is used both in a narrow...

 of the Parliament

Parliament

A parliament is a legislature, especially in those countries whose system of government is based on the Westminster system modeled after that of the United Kingdom. The name is derived from the French , the action of parler : a parlement is a discussion. The term came to mean a meeting at which...

 of the United Kingdom

United Kingdom

The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

. It was enacted in response to the "global downturn".

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Section 1(2) repealed the Industrial Development (Financial Assistance) Act 2003.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 of 21 May 2009.

Section 3(3) authorises the citation of this Act by a short title

Short title

The short title is the formal name by which a piece of primary legislation may by law be cited in the United Kingdom and other Westminster-influenced jurisdictions , as well as the United States. It contrasts with the long title which, while usually being more fully descriptive of the...

.

External links

• The Industry and Exports (Financial Support) Act 2009, as amended from the National Archives.
• The Industry and Exports (Financial Support) Act 2009, as originally enacted from the National Archives.
• Explanatory notes to the Industry and Exports (Financial Support) Act 2009.