New subsidy system to support UK jobs and businesses, boost the economy and strengthen the union

This new subsidy system (Subsidy Control Bill) will replace the EU State Aid regime.

Businesses across the UK will be able to benefit from financial support thanks to a new subsidy control system following our departure from the EU.

  • New UK-wide subsidy control system announced today to provide quicker and more flexible support to UK businesses following our departure from the EU
  • decisions previously subject to approval by unelected EU bureaucrats to be decided in the UK
  • devolved administrations and local authorities empowered for the first time to decide if they can issue subsidies by following UK-wide principles

Click here for the full press release.

Information relating to the introduction of the Subsidy Control Bill in June 2021 – Subsidy Control Bill – GOV.UK (www.gov.uk)