The Post Office Network Subsidy Scheme (Amendment) Order 2011

Made: 18th January 2011

Coming into force: 19th January 2011

In accordance with section 122(12) of that Act, a draft of this instrument was laid before Parliament and approved by a resolution of each House of Parliament.

Citation and commencement

1

This Order may be cited as the Post Office Network Subsidy Scheme (Amendment) Order 2011 and shall come into force on the day after the day on which it is made.

Amendment to the Post Office Network Subsidy Scheme Order 2007

2

In paragraph 4(2) of the Schedule to the Post Office Network Subsidy Scheme Order 2007[^f00002], for £160,000,000 substitute £500,000,000.

Signed

Edward Davey — Minister for Employment Relations, Consumer and Postal Affairs — Department for Business, Innovation and Skills — 13th January 2011

We consent,

Michael Fabricant — Angela Watkinson — Two of the Lords Commissioners of Her Majesty’s Treasury — 18th January 2011

Explanatory note

(This note is not part of the Order)

EXPLANATORY NOTE

This Order amends the Post Office Network Subsidy Scheme Order 2007 to increase from £160,000,000 to £500,000,000 the maximum annual amount payable by way of subsidy by the Secretary of State to Post Office Limited to assist in the establishment and provision of public post offices by Post Office Limited.

An Impact Assessment (“IA”) has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.

Footnotes

[^f00001]: 2000 c.26

[^f00002]: S.I. 2007/962.