Semiconductors: Manufacturing Industries
The question
To ask the Secretary of State for Science, Innovation and Technology, what assessment she has made of the potential impact of energy costs on the domestic semiconductor manufacturing supply chain.
Answered by Kanishka Narayan
From 2027, the new British Industrial Competitiveness Scheme (BICS) will cut energy bills by up to 25% for eligible, energy-intensive manufacturers in the priority industries in the Industrial Strategy -including semiconductors. This will give businesses certainty and stability, and back Britain’s fastest growing sectors with the support they need to prosper.
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