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Highlands and Islands Enterprises, Sumitomo Electric Industries Ltd

  • The value of the subsidy is £24.5 million. The purpose of the subsidy is to facilitate the building of a cable manufacturing factory in Scotland.
  • Our key takeaways are:
    • Ensure to give sufficient detail on the most likely counterfactual over the short, medium and long-term. This can be done by predicting market changes over time.
    • Consider the impacts on competition, investment, and international trade within the balancing exercise where applicable.
    • Ensure to explain how the size of the subsidy is deemed proportionate relative to the estimated benefits of achieving the policy objectives – it should be limited to what is necessary to achieve them.

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