British Industrial Competitiveness Scheme
The question
To ask the Secretary of State for Business and Trade, what the latest date is a company must have been incorporated on to be eligible for the British Industrial Competitiveness Scheme.
Answered by Chris McDonald
The Government can confirm that whilst there is no explicit latest date at which a company must have been incorporated to be eligible for the British Industrial Competitiveness Scheme, companies will be required to provide 6 months of historic electricity consumption data at the point at which they apply. This is to enable the Department to accurately assess a company’s eligibility for the scheme. Further detail on application timing is set out in the Government’s current consultation on scheme delivery. The Government will provide more guidance for businesses over the Summer.
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