sch.59-sec.17Meaning of diversification plan

### sch.59-sec.17 Meaning of diversification plan A diversification plan , for an eligible business, is a plan that includes— details of the actions the applicant is taking, or may take, to diversify the eligible business; and details of how the actions mentioned in paragraph (a) are likely to increase any of the following— the profit of the eligible business; the number of people employed by the eligible business; the resilience of the eligible business; the business skills of an interested person for the eligible business; and an estimate of the projected income of the eligible business until the diversification plan is implemented; and an explanation of, and evidence to support, the estimate mentioned in paragraph (c) ; and a statement from a qualified financial adviser a statement that the applicant will contribute at least 50% of the money to implement the plan. A diversification plan must not include a proposal to use the assistance, or the money contributed by the applicant to implement the plan, to pay for operational expenses. insurance premiums, rates, rent, utility expenses, wages (sch.59-sec.17-ssec.1) A diversification plan , for an eligible business, is a plan that includes— details of the actions the applicant is taking, or may take, to diversify the eligible business; and details of how the actions mentioned in paragraph (a) are likely to increase any of the following— the profit of the eligible business; the number of people employed by the eligible business; the resilience of the eligible business; the business skills of an interested person for the eligible business; and an estimate of the projected income of the eligible business until the diversification plan is implemented; and an explanation of, and evidence to support, the estimate mentioned in paragraph (c) ; and a statement from a qualified financial adviser a statement that the applicant will contribute at least 50% of the money to implement the plan. (sch.59-sec.17-ssec.2) A diversification plan must not include a proposal to use the assistance, or the money contributed by the applicant to implement the plan, to pay for operational expenses. insurance premiums, rates, rent, utility expenses, wages - (a) details of the actions the applicant is taking, or may take, to diversify the eligible business; and - (b) details of how the actions mentioned in paragraph (a) are likely to increase any of the following— (i) the profit of the eligible business; (ii) the number of people employed by the eligible business; (iii) the resilience of the eligible business; (iv) the business skills of an interested person for the eligible business; and - (i) the profit of the eligible business; - (ii) the number of people employed by the eligible business; - (iii) the resilience of the eligible business; - (iv) the business skills of an interested person for the eligible business; and - (c) an estimate of the projected income of the eligible business until the diversification plan is implemented; and - (d) an explanation of, and evidence to support, the estimate mentioned in paragraph (c) ; and Example of evidence to support the estimate mentioned in paragraph (c) — a statement from a qualified financial adviser - (e) a statement that the applicant will contribute at least 50% of the money to implement the plan. - (i) the profit of the eligible business; - (ii) the number of people employed by the eligible business; - (iii) the resilience of the eligible business; - (iv) the business skills of an interested person for the eligible business; and