IRRV Alert - week ending 5th February
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Subsidy control: designing a new approach for the UK (3 February 2021)
Open consultation
Subsidy control: designing a new approach for the UK
Published 3 February 2021
From:
Department for Business, Energy & Industrial Strategy
Summary
The government is seeking views on its proposed approach for establishing a bespoke UK-wide subsidy control regime.
This consultation closes at
11:45pm on 31 March 2021
Consultation description
Following the end of the transition period on 31 December 2020, the UK has the freedom to design a new domestic subsidy control regime that reflects our strategic interests and particular national circumstances.
The government aims to deliver a regime that:
- facilitates strategic interventions to support government priorities, including supporting the economy’s recovery from COVID-19
- takes account of the economic needs of the UK’s individual nations and strengthens the economic bonds of our Union
- protects the UK’s competitive and dynamic market economy
- ensures that subsidies in the UK are given in line with our international commitments including those in the UK-EU Trade and Cooperation Agreement (TCA)
This consultation invites views on the best way to design a bespoke approach to subsidy control. The government is seeking thoughts on any additions to the principles underpinning the regime, as well as any subsidies which should be excluded from the commitments to these principles. We are also asking for views on how to best manage the most distortive kinds of subsidies, in addition to opinions on the role and powers of the independent body that will oversee the regime.
Subject to stakeholder views, and any evidence received as part of this consultation, the government will bring forward primary legislation to establish in domestic law a subsidy control system that works for the entirety of the UK.
See the BEIS consultation privacy notice.
Please do not send responses by post to the department at the moment as we may not be able to access them.
Documents
Subsidy control: designing a new approach for the UK
PDF, 485KB, 51 pages
Ways to respond
or
Email to:
subsidycontrolconsultation@beis.gov.uk
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Published 3 February 2021