UK Statutory Instrument relating to Support for the Post Office Network
Sub-Post Office Start-Up Capital Subsidy Scheme 2001 -
S.I.2001/2664
This Order set out the Sub-Post Office Start-Up Capital Subsidy scheme. The scheme provided for the payment of subsidy by the Secretary of State in respect of the costs of establishing a sub-post office in a settlement of fewer than 10,000 inhabitants where the existing sub-post office had closed or was likely to close. The scheme also provided for the payment of a subsidy to secure the continued operation of a sub-post office in a settlement of fewer than 10,000 inhabitants where it appeared to the Secretary of State that the office was likely to close. The functions of the Secretary of State under the scheme were exercisable by Post Office Limited. The maximum amount of grant payable in respect of any application was £20,000 and the total maximum amount of gross subsidy available was £2,000,000.