House of Commons · Written Ministerial Statement
Subsidy Control Regime
20 October 2022 · Department for Business, Energy and Industrial Strategy
Proposed by Jacob Rees-Mogg Con North East Somerset
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- The Subsidy Control Act will be fully implemented in January 2023.
- Four statutory instruments will be brought into force on 4 January 2023 along with the Subsidy Control Act.
- Additional regulations for information gathering and transparency requirements will be laid during the Autumn.
Issue summary
The statement announces the full implementation of the Subsidy Control Act in January 2023, establishing a UK-wide subsidy control regime.
Action requested
The Government intends to bring four statutory instruments into force on 4 January 2023 along with the Subsidy Control Act. Additional regulations concerning information gathering powers and transparency requirements will be laid during the Autumn. The Government also plans to improve the functionality of the transparency database, create clear statutory guidance, and hold events in November to inform public authorities.
Key facts
- The Subsidy Control Act will come into force on 4 January 2023.
- Draft regulations defining subsidies and schemes of interest or particular interest were laid before both Houses on 20 October 2022.
- Further regulations concerning the CMA’s information gathering powers, public authority information requirements, and gross cash equivalent rules will be laid during Autumn.
- The Government has consulted earlier this year on its proposed approach to Subsidies and Schemes of Interest and of Particular Interest.