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Global Trade Alert

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United Kingdom: Introduction of funding to support the development of a gigafactory

Description

On 29 January 2024, the UK Infrastructure Bank announced a GBP 200 million (USD 254 million) loan to AESC Ltd to support its development of a gigafactory in the North East of England. According to the...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

29 Jan 2024

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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