EXPLANATORY NOTE
(This note is not part of the Regulations)
These Regulations are made in exercise of the powers conferred by section 8(1) and paragraph 21 of Schedule 7 to the European Union (Withdrawal) Act 2018 (c.16) in order to address failures of retained EU law to operate effectively and other deficiencies (in particular under paragraph (d) of section 8(2)) arising from the withdrawal of the United Kingdom from the European Union.
These Regulations are made to address deficiencies in retained EU law concerning defence research and industrial development. The regulations revoke EU instruments relating to the operation of the Preparatory Action on Defence Research programme and the Defence Industrial Development programmes. They also allow the Secretary of State to provide financial assistance where appropriate to companies or individuals who have lost funding under those programmes due to the withdrawal of the United Kingdom from the European Union.
A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sector is foreseen.