5.—(1) Subject to the Community Acts and the provisions of these Regulations, the appropriate Minister as he thinks fit—
(a)may refuse to approve an application or approve it in whole or in part for the purposes of financial assistance;
(b)may cause any such approval to be given, and any payments by way of financial assistance to be made, subject to conditions;
(c)may amend such conditions with the applicant’s written consent.
(2) The appropriate Minister shall in writing—
(a)notify applicants for the result of their applications;
(b)notify applicants whose applications he has approved under this regulation of any conditions, relating to such approvals, which he has determined or amended under paragraph (1) above.