South Yorkshire Mayoral Combined Authority, Capital and Centric (505) Ltd

• The value of the subsidy is £11.6 million. The purpose of the subsidy is to fund the development of 550 new homes on the former Cannon Brewery site in Sheffield’s Neepsend area.
• Our key takeaways from the Subsidy Advice Unit (SAU) report are:
  • This report was critical of the SYMCA, stating that the assessment could be “significantly improved”, and criticising “brief” evidence. Ensure subsidy assessments are fully backed up by the necessary evidence.
  • The report was also critical of SYMCA’s failure to engage in “pre-referral discussions before referring the subsidy, as encouraged by the SAU guidance”.
  • In order to reduce the risk of a successful challenge by a competitor of the recipient of the subsidy, ensure to engage with the referral process early on and build a credible case against the requirements of the Subsidy Control Act 2022.

Find Out More