Disclaimer: This article first appeared in the June 2024 issue of PLC Magazine, and is available at http://uk.practicallaw.com/resources/uk-publications/plc-magazine.

In order to capture the benefits of data-driven innovation, the EU and the UK are taking action to facilitate data sharing across various industries.

In the EU, the European Commission is investing €2 billion to foster the development of so-called “common European data spaces” and the associated digital infrastructure. The UK government has announced similar, mainly policy, initiatives regarding the establishment of data-sharing frameworks, referred to as smart data schemes.

Despite the shared objectives, differences emerge between the EU and UK approaches, raising questions about alignment, implementation efficiency and market dynamics.

In this article, DLA Piper:

• Explores the concepts of data spaces and data schemes, and the policy objectives behind them.
• Gives an overview of the emerging rules that will be part of the foundation of these data-sharing frameworks in the EU and the UK.
• Examines what can be expected from these initiatives and what hurdles still need to be overcome in order to secure successful implementation.

The article is available here.