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The Subsidy Control (Subsidy Database Information Requirements) Regulations 2022

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This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

Specific provisions relating to subsidy schemes

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4.—(1) Paragraphs (2) and (3) of this regulation apply in the case of an entry in the subsidy database made in respect of a subsidy scheme under section 33(1)(b) of the Act.

(2) The entry need not include the information required under regulation 3(d), (f), (g), (j) and (l).

(3) The entry must include the following information (in addition to the information required by regulations 3 and 4 in respect of a subsidy scheme)—

(a)the name of the scheme;

(b)the categories of enterprise that are eligible to receive subsidies under the scheme;

(c)a summary of the terms and conditions for eligibility to receive subsidies under the scheme;

(d)the basis for the calculation of subsidies under the scheme including a summary of any conditions relating to subsidy ratios or amounts;

(e)the budget for the scheme, expressed as—

(i)the maximum amount of an individual subsidy that may be given under the scheme, and

(ii)the overall budget for the scheme (where applicable to the scheme).

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