29 Services of public economic interest
Subsidy Control Act 2022 (2022 c 23) | Legislation

29  Services of public economic interest

(1)     The requirements in subsections (2) and (3) apply in relation to the giving of a subsidy to a SPEI enterprise for the purpose of the provision of SPEI services.

(2)     The public authority giving the subsidy must be satisfied that the amount of the subsidy is limited to what is necessary to deliver the SPEI services, having regard to—

(a)     costs in delivering the SPEI services, and

(b)     reasonable profits to be made in doing so.

(3)     The subsidy must be given in a transparent manner.

(4)     For the purposes of subsection (3), a subsidy is given

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