24th Mar 2021
Policy Roundtable: Subsidy Control Regime (“state aid rules”)
On: Wednesday 24 March 2021 from 9.00am – 10.00am
Via: Video Conference
For: British Screen Forum Members & Associate Members
Following the end of the transition period on 31 December 2020, the UK can now design a new domestic Subsidy Control regime to replace the State Aid Rules under which the UK operated as an EU Member State. The Department of Business, Energy and Industrial Strategy (BEIS) is currently consulting on how to design a Subsidy Control framework that reflects the UK’s strategic interests and particular national circumstances. The WTO definition of Subsidy is narrower than the EU definition of State Aid, and there are potential implications for public policy interventions such as the Creative Tax Credits and supporting the screen sectors in the nations and regions. This is a complex area in which room for manoeuvre for the UK is bound not only by WTO rules, but also by the terms of international agreements into which the UK has or will enter, including the Trade and Cooperation Agreement with the EU.
With the BEIS consultation deadline set for 31 March, this roundtable provides a timely opportunity for Members and Associate members to gain understanding and insight into the issue and to begin to explore the implications of different outcomes for various interest groups. The roundtable will be chaired by Nick Toon, Rationale Consulting, and will centre around a presentation from Ross Mackenzie, Partner, Reed Smith who will lead participants through the consultation and the various limits on the room for manoeuvre, with some indication of how other territories have approached the question. This will be followed by Q&A and roundtable discussion.
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