Business: Energy
The question
To ask the Secretary of State for Business and Trade, whether he has assessed the potential effectiveness of Energy as a Service business models in reducing upfront capital barriers for UK manufacturers.
Answered by Chris McDonald
The Department for Business and Trade has made no formal assessment on the potential effectiveness of Energy as a Service business model in reducing upfront capital barriers for UK manufacturers.
More broadly, the Government recognises that upfront costs can be a barrier to investment. Measures such as the British Industrial Competitiveness Scheme and the British Industry Supercharger will reduce electricity costs for eligible businesses, helping to improve investment conditions and support long-term competitiveness.
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