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Subsidy Control Act 2022

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This is the original version (as it was originally enacted).

34Information to be included in the subsidy database

This section has no associated Explanatory Notes

(1)The Secretary of State may by regulations make provision about the information that must be included in a public authority’s entry in the subsidy database in relation to a subsidy or subsidy scheme.

(2)The regulations may, in particular, require a public authority’s entry to include—

(a)the power under which the subsidy is given;

(b)the policy objective of the subsidy or scheme;

(c)the name of the beneficiary to which the subsidy is given;

(d)the date the public authority confirms the decision to give the subsidy or make the scheme;

(e)the duration of the subsidy or scheme;

(f)any time limits or other conditions attached to the use of the subsidy or scheme;

(g)the amount of the subsidy or scheme or the amount budgeted for the subsidy or scheme;

(h)the location of any of the information mentioned in paragraphs (a) to (g) and subsection (3);

(i)the location of any other publicly available information relating to the subsidy or scheme.

(3)In relation to subsidy schemes, the regulations may require a public authority’s entry to include—

(a)the categories of beneficiary eligible to receive subsidies under the scheme;

(b)the terms and conditions for subsidy eligibility;

(c)the basis for the calculation of the subsidy including any relevant conditions relating to subsidy ratios.

(4)Regulations under this section are subject to the negative procedure.

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