I understand
that my application for a grant from the Key Fund is subject to the laws
applying to subsidies that the grant is made available as “minimal
financial assistance” and that, therefore, my application must satisfy the
conditions applying to minimal financial assistance.
I further
understand that subsidies that exceed the limit on minimal
financial assistance may be unlawful and that my business may be
required to make repayments of any unlawful subsidy.
I confirm
that I have listed below the total amount of all forms of public subsidy
received by my business in the past three years and I acknowledge that the Key
Fund will use this information to determine whether my
application meets the conditions allowing payment of minimal
financial assistance.
To be
eligible to receive certain types of publicly funded business funding and
support, we will need to establish whether you can receive a subsidy within the
regime set out in the Subsidy Control Act 2022 (and if relevant the Trade and
Co-operation Agreement (TCA) between the United Kingdom and the European
Union).
We
hereby notify you that:
(a) if your application is supported, we
would be
proposing to give you
a subsidy by way of minimal financial assistance,
(b) the gross value amount of the assistance will be confirmed at the point of
making a written offer, and
(c) we are seeking your confirmation that any eventual payment to you will not
cause you to have received more than £315,000 attributable to minimal or SPEI financial assistance in total in the current and two
preceding financial
years (beginning
on 1st April). (SPEI assistance relates to services of public economic interest, and this will have been explained in
the context of the award of any such funding.)
Please note,
we are unable to provide you with any funding until we receive the confirmation
referred to in the previous paragraph.
Potentially
any assistance you may have received from a public body might be a
subsidy. This could be from Central, Regional, Development Governments or
Agencies or Local Council. If you are not sure whether
any assistance you have received is a subsidy, and whether it
qualifies as minimal financial assistance, please clarify with the body
which granted the assistance.
The
Regulations allow an entity to receive up to £315,000 as minimal
financial assistance over any period of three financial years. This is subject to cumulation rules
and any SPEI assistance,
EU de
minimis aid or SAFA
subsidy given under the TCA will reduce the scope for receipt of subsidy.
Please
confirm the amount of subsidy or state aid your business has been granted
within the current and two preceding financial years beginning on 1st April:
For information, full details of the UK Subsidy
Rules can be found here