PART 3Exemptions
CHAPTER 4Other miscellaneous exemptions
I1I250Large cross-border or international cooperation projects
1
Section 12(1) does not apply to a subsidy if—
a
it is given in the context of a large cross-border or international cooperation project, and
b
the public authority giving the subsidy is satisfied that the project meets the condition in subsection (3).
2
Section 12(3) does not apply to a subsidy scheme if—
a
the subsidies provided for by the scheme are to be given in the context of a large cross-border or international cooperation project, and
b
the public authority making the scheme is satisfied that the project meets the condition in subsection (3).
3
A project meets the condition in this subsection if—
a
the benefits of the project are not limited to the enterprise or to the sector or the States participating, and
b
the project has wider benefits and relevance through spillover effects that do not exclusively accrue to—
i
the United Kingdom,
ii
the relevant sector, and
iii
the beneficiary of the subsidy or subsidies concerned.
4
The projects that may be regarded as large cross-border or international cooperation projects include—
a
those for transport, energy, the environment or research and development, and
b
first development projects to incentivise the emergence and deployment of new technologies (excluding manufacturing technologies).