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The phrase "a direct interest" is grammatically correct and commonly used in written English.
It can be used to describe someone's personal involvement or stake in a particular situation, usually implying that it is a strong or immediate interest. Example: "As a shareholder in the company, I have a direct interest in its financial success."
Exact(60)
But what about a direct interest subsidy?
"So we have a direct interest in acting in our self-defense to protect British lives".
Lebanon and Iraq, in particular, have a direct interest in preventing all-out bloodshed in Syria.
Britain has a direct interest in one of those freed by the Russians.
That would give the music companies a direct interest in MySpace Music's success.
Israel also has a direct interest in countering the Iran-brokered pipeline.
"We have a direct interest in the health of local newspapers and regional newsrooms.
"He was aware since he was involved in it, and had a direct interest in it.
I took a direct interest in him because of the Harvard connection.
So Europe has a direct interest in making sure trouble does not spread to Iberia.
But the US also sees a direct interest in "peace and prosperity" in the region, he says.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com