SUBSIDY CONTROL. The Grant is awarded as an exempted subsidy under Article 364(4) of the EU-UK Trade and Cooperation Agreement. There is a ceiling of 325,000 Special Drawing Rights for subsidies provided to any one economic actor under this Article over a 3-year period. Any Article 364(4) subsidies (or similar aid, including “de minimis” aid granted prior to 31 December 2020 under Commission Regulation (EU) No 1407/2013) awarded to the Grantee will be relevant if the Grantee wishes to apply, or has applied, for any Article 364(4) subsidies. The Grantee must retain this Agreement for 3 years from the date of this Agreement and produce it on any request by the UK public authorities. (The Grantee may need to keep this Agreement for longer than three years for other purposes). The Company acknowledges and hereby agrees that its signature of this Agreement constitutes its awareness of and adherence to Article 364(4) of the EU-UK Trade and Cooperation Agreement.
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Sources: Innovation Voucher Agreement, Advanced Innovation Voucher Agreement, Innovation Voucher Agreement