Exemptions
Part 3 of the Act sets out certain types of subsidies that are exempt from the subsidy control requirements in Part 2. Chapter 2 of Part 3 sets out that subsidies given as minimal financial assistance (subsidies of less than £315,000 over three years, per recipient) and as services of public economic interest assistance (subsidies of less than £725,000 over three years, per recipient and meeting other specific conditions) are exempt from the subsidy control requirements, except transparency requirements apply where a subsidy award given under this exemption exceeds £100,000. This Part also contains procedural requirements related to the award of these subsidies.
	Chapter 3 of Part 3 contains exemptions from the subsidy control requirements for subsidies given to address different emergencies. Subsidies given to compensate for natural disasters or other exceptional occurrences are exempt from all the subsidy control requirements apart from the transparency obligations. Subsidies given in response to a national or global economic emergency are exempt from complying with prohibitions and requirements imposed by sections 15 to 29 in Chapter 2 of Part 2.
	Chapter 4 of Part 3 sets out further exemptions from the subsidy control requirements for subsidies given for the purpose of national security, those given as part of the Bank of England’s monetary policy activity, financial stability directions, large cross-border or international projects, legacy and withdrawal agreement subsidies and certain tax measures.