British Industrial Competitiveness Scheme
The question
To ask the Secretary of State for Business and Trade, with reference to p.30 of The UK's Modern Industrial Strategy, published on 23 June 2025, what his Department's timetable is for publishing its consultation on a new British industrial competitiveness scheme.
Answered by Sarah Jones
From 2027, the new British Industrial Competitiveness Scheme will reduce electricity costs by up to £40 per megawatt hour, which could benefit over 7,000 electricity-intensive businesses in manufacturing sectors, like automotive, and foundational manufacturing industries in the supply chains, like chemicals. Eligible businesses will be exempt from paying the costs of the Renewables Obligation, Feed-in Tariffs and the Capacity Market. My department is working towards launching a consultation to determine eligibility which will open shortly. The scheme is subject to review in 2030.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →