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Subsidy Control Act 2022
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- UK Public General Acts
- 2022 c. 23
- SCHEDULE 1
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There are currently no known outstanding effects for the Subsidy Control Act 2022, SCHEDULE 1.
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Section 9
SCHEDULE 1U.K.The subsidy control principles
This schedule has no associated Explanatory Notes
Common interestU.K.
ASubsidies should pursue a specific policy objective in order to—
(a)remedy an identified market failure, or
(b)address an equity rationale (such as local or regional disadvantage, social difficulties or distributional concerns).
Commencement Information
I1Sch. 1 para. A in force at Royal Assent, see s. 91(1)(a)
Proportionate and necessaryU.K.
BSubsidies should be proportionate to their specific policy objective and limited to what is necessary to achieve it.
Commencement Information
I2Sch. 1 para. B in force at Royal Assent, see s. 91(1)(a)
Design to change economic behaviour of beneficiaryU.K.
C(1)Subsidies should be designed to bring about a change of economic behaviour of the beneficiary.
(2)That change, in relation to a subsidy, should be—
(a)conducive to achieving its specific policy objective, and
(b)something that would not happen without the subsidy.
Commencement Information
I3Sch. 1 para. C in force at Royal Assent, see s. 91(1)(a)
Costs that would be funded anywayU.K.
DSubsidies should not normally compensate for the costs the beneficiary would have funded in the absence of any subsidy.
Commencement Information
I4Sch. 1 para. D in force at Royal Assent, see s. 91(1)(a)
Least distortive means of achieving policy objectiveU.K.
ESubsidies should be an appropriate policy instrument for achieving their specific policy objective and that objective cannot be achieved through other, less distortive, means.
Commencement Information
I5Sch. 1 para. E in force at Royal Assent, see s. 91(1)(a)
Competition and investment within the United KingdomU.K.
FSubsidies should be designed to achieve their specific policy objective while minimising any negative effects on competition or investment within the United Kingdom.
Commencement Information
I6Sch. 1 para. F in force at Royal Assent, see s. 91(1)(a)
Beneficial effects to outweigh negative effectsU.K.
GSubsidies’ beneficial effects (in terms of achieving their specific policy objective) should outweigh any negative effects, including in particular negative effects on—
(a)competition or investment within the United Kingdom;
(b)international trade or investment.
Commencement Information
I7Sch. 1 para. G in force at Royal Assent, see s. 91(1)(a)
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