On 30 June 2021, the UK Government published its much-awaited Subsidy Control Bill. In this update, we explore the key aspects of the proposed UK subsidy control regime. We conclude with five key takeaways. Overview of the UK regime The Subsidy Control Bill establishes a UK subsidy control regime, in accordance with the UK’s obligations under the EU-UK Trade and Cooperation Agreement (“TCA“) [1]. Scope of the UK subsidy control regime The Subsidy Control Bill adopts a definition of subsidy that closely follows the definition agreed under the TCA, which, despite differing wording, adopted substantially similar criteria as the definition of ‘State aid’ under EU law. The Bill defines a subsidy as financial assistance which is given directly or indirectly from public resources by a public
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The UK Government publishes its long-awaited Subsidy Control Bill
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