Related Commentary  Related HMRC Manuals

340(1)  Applications for accreditation as a community development finance institution must be made to the Secretary of State in the form and manner specified by the Secretary of State.

340(2)  The Secretary of State is to accredit a body if (and only if) the Secretary of State is satisfied–

(a)that the body's principal objective is to provide (directly or indirectly)–

(i)finance, or

(ii)finance and access to business advice,

for enterprises for disadvantaged communities, and

(b)that the body meets any other criteria specified in regulations made by the Treasury.

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