The Secretary of State for Business, Energy and Industrial Strategy (Kwasi Kwarteng)

Now that we have left the EU, the UK has the freedom to design our own subsidy control regime that is tailored to the UK’s national interests. The new system, which will be the long-term replacement for the EU’s prescriptive state aid regime, will be designed to be more flexible, agile and tailored to support business growth and innovation as well as maintain a competitive market economy and protect the UK internal market. It will better enable the Government to deliver on key priorities such as levelling up economic growth in the regions, tackling climate change, as well as supporting our economic recovery as we build back better from the covid-19 pandemic.

[Source]