The Historic Buildings and Monuments Commission for England ('the Commission')1 may make grants or loans2 for the purpose of defraying, in whole or in part, any expenditure incurred or to be incurred in the repair or maintenance of:
(1) a building which is situated in England and which appears to the Commission to be of outstanding historic or architectural interest; or
(2) in the upkeep of any land which is situated in England and which comprises,
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