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Article summary

The Department for Business, Energy & Industrial Strategy (BEIS) has launched an eight-week consultation on proposals for a new UK-wide subsidy control system. The new regime is said to mark a clear departure from the EU’s State aid regime, aiming to enable ‘more flexible and tailored financial support to businesses’. The proposals under consultation propose to empower local authorities, public bodies, and the devolved administrations in Edinburgh, Cardiff and Belfast to allocate subsidies according to a consistent set of underlying principles. Lawyers from Brick Court Chambers, Browne Jacobson and Monckton Chambers discuss how this regime will differ from the government’s current position on domestic subsidies, adding that it is ‘very much to be welcomed’. The consultation will close at 11.45 pm on 31 March 2021.The government is seeking input from stakeholders including businesses, subsidy granters, legal advisers, and business representative organisations on the underlying principles, and any subsidies which may not or should not be included.