Schedule 1, paragraph 15(2)

For the purposes of this paragraph a company is a “project company” of a project if any of the following applies— it holds property for the purpose of the project; it has sole or principal responsibility under an agreement for carrying out all or part of the project; it is one of a number of companies which together carry out the project; it has the purpose of supplying finance to enable the project to be carried out; it is the holding company of a company within any of paragraphs (a) to (d).

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Source: legislation.gov.uk · retrieved 2026-09-04