Will the New UK Subsidy Control Regime Help ‘Level Up’ the Economy?

Stephan, Andreas ORCID: https://orcid.org/0000-0002-9839-7338 (2023) Will the New UK Subsidy Control Regime Help ‘Level Up’ the Economy? Modern Law Review. ISSN 0026-7961 (In Press)

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There is an emerging political consensus in the UK that greater devolution of spending powers will bring benefits in terms of reducing economic disparities between regions, enhancing social cohesion, and improving the economy’s prospects for productivity, growth and the transition to net zero. The Subsidy Control Act 2022 is thought to be key to achieving this by providing public authorities with greater flexibility in how they make spending decisions than was previously the case under EU State aid rules. This paper examines whether the new regime does indeed make it easier for awarding bodies to grant beneficial subsidies. It concludes that the regime risks placing obligations on public authorities that are significantly more onerous than EU State aid rules and there is a need to significantly increase the scope of streamlined routes which provide legal certainty to beneficial spending decisions.

Item Type: Article
Faculty \ School: Faculty of Social Sciences > School of Law
UEA Research Groups: Faculty of Social Sciences > Research Groups > Competition, Markets and Regulation
Faculty of Social Sciences > Research Centres > Centre for Competition Policy
Depositing User: LivePure Connector
Date Deposited: 26 Jun 2023 17:30
Last Modified: 26 Jun 2023 17:30
URI: https://ueaeprints.uea.ac.uk/id/eprint/92499

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