A Department for Business and Trade publication provides guidance for public authorities on assessing whether a subsidy or scheme is consistent with the principles of the Subsidy Control Act 2022. It covers four areas of detail, to: identify the policy objective, ensuring it addresses a market failure or equity concern, and determine whether a subsidy is the right tool to use; ensure that the subsidy is designed to create the right incentives for the beneficiary and bring about a change; consider the distortive impacts that the subsidy may have and keep them as low as possible; and carry out the balancing exercise. Additional guidance on subsidies or schemes of interest and schemes of particular interest has also been published.
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