This Act creates a new UK domestic subsidy control regime to regulate government financial support to businesses. It replaces EU State aid rules and requires public authorities to assess subsidies against principles designed to protect competition and value for money.
A Bill to make provision regulating the giving of subsidies out of public resources; and for connected purposes.
Status: Act of Parliament
Current House: Unassigned
Stage: Royal Assent
Sponsored by: Kwasi Kwarteng, Lord Callanan
Introduced: 2021-06-30
Royal Assent: 2022-04-28