DBT, Post Office Limited

• The value of the grant award is up to £190 million, including £40 million contingency. Its purpose is as a restructuring subsidy, to cover, amongst other things, the increase in costs associated with the Post Office Horizon IT Inquiry.
• Our key takeaways are:
  • If the subsidy relates to a Service of Public Economic Interest (SPEI), ensure to explain in detail the relationship this wider benefit and the specific policy objectives of the subsidy.
  • When dealing with restructuring subsidies, ensurefully explain how the restricting plan meets the requirements of section 20 of the Act. In particular, show that the restructuring plan has been prepared with a view to ensuring the return to long-term viability.

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