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Welsh Government, Stena Line Ports Ltd

  • The value of the subsidy is £28 million. The purpose of the subsidy was to incentivise the refurbishment of the breakwater at the Port of Holyhead.
  • Our key takeaways are:
    • Clearly define and articulate policy objectives when proposing a subsidy. Ensure robust evidence backs these objectives.
    • Emphasise how the subsidy will address market failures and demonstrate its appropriateness in remedying these failures
    • The subsidy should be designed to induce tangible changes in economic behaviour in line with policy objectives.
    • Provide in-depth analysis on the counterfactual scenario, detailing the economic landscape without the subsidy.

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