Consultation response : Subsidy control: Designing a new approach for the UK
- Published: Wednesday, 31 March 2021 15:28
- Written by National Centre for Universities and Business
The UK-EU Trade and Cooperation Agreement (TCA) signed at the end of 2020 gives the UK considerable freedom to design new state subsidy rules and NCUB supports the Government’s commitment to consult with interested parties to ensure it is well designed.
A bespoke UK subsidy control regime that reflects the UK’s strategic interests and particular national circumstances should speed up the delivery of productivity-enhancing projects. It should also deepen research collaboration between industry and universities.
We therefore welcome the Department for Business, Energy and Industrial Strategy (BEIS)’s invitation to consult on a new Subsidy Control regime for the UK and we believe this is an important opportunity to address how the UK’s state subsidy control system can encourage research, development and innovation to support the UK’s ambition to become world-leading in science and technology.
Read the consultation response in full pdf here (218 KB) .