The UK Government has been busy adding flesh to the bare bones of the domestic subsidy control regime that has been in place since the start of 2021 following the signing of the EU/UK Trade and Cooperation Agreement (TCA). The Subsidy Control Bill introduced before Parliament on 30 June will, according to the UK Government, provide “quicker and more flexible support” to UK businesses in the post-Brexit period, supporting the UK’s economic recovery and delivering UK priorities such as levelling-up, achieving net zero and increasing UK R&D investment. The extent to which the regime will be able to deliver all of this remains to be seen. Flexibility vs certainty – a calculated trade-off? The Bill provides a UK system that will regulate when and how a public body can provide financial
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The UK Government publishes its Subsidy Control Bill following Brexit
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