On 24 December 2020, the EU and the UK concluded the Trade and Cooperation Agreement (the “TCA”). [1] The TCA, which is still subject to formal ratification by the EU, has been provisionally applied since 1 January 2021. One of the major issues of contention in the negotiations was to what extent the UK would be required to continue to follow the EU’s State aid rules when granting aid to businesses after the end of the transitional period on 31 December 2020. [2] As explained in more detail below, the TCA does not contain such a requirement, but instead provides for a new set of substantive and procedural rules on subsidy control. The UK government is now consulting on the design of a new subsidy control regime for the UK that will meet its obligations under the TCA and other
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The UK Government and the EU Commission issue a Trade and Cooperation agreement providing a set of substantive and procedural rules on subsidy control
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