Industry News

New UK subsidy regime will come fully into force on 4 January 2023

By October 21, 2022 No Comments

The new system to regulate subsidies to businesses will come into force from 4 January, Business Minister Dean Russell announced today (Thursday 20 October).

Under the new rules, the devolved administrations and local authorities will be able to deliver subsidies that are tailored to local needs.

The implementation of this regime comes after a full, extensive consultation on the proposed approach, with views gathered from stakeholders across the UK.

BEIS is holding a series of events for public authorities to explain the main features and principles of the new regime.

In-person events are being held in:

Multiple online events are taking place too.

 

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