The UK Government publishes an illustrative guidance on the future operation of its subsidy control regime

The Subsidy Control Bill (the "SCB"), first introduced by the Department of Business, Energy and Industrial Strategy (the "BEIS") on 30 June 2021, is making its way through the House of Lords ahead of expected adoption in 2022. In the interim, on 25 January 2022, the UK government published a set of policy statements and illustrative regulations and guidance on how the SCB is expected to operate in practice. Specifically, the publications set out draft proposals for designing the categories of subsidies that will be subject to enhanced review, i.e. "Subsidies of Particular Interest" and "Subsidies of Interest", as well as the government's intention to introduce a simplified mechanism for streamlined subsidy approval. Subsidies subject to enhanced review The general scheme created by