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