Industry: Energy
The question
To ask the Secretary of State for Business and Trade, whether he has made a comparative assessment of industrial energy subsidies (a) provided by the US under the Inflation Reduction Act and (b) available to UK firms.
Answered by Chris McDonald
The Department for Business and Trade has not made a comparative assessment of industrial energy subsidies provided by the US under the Inflation Reduction Act.
The Government remains committed to ensuring British businesses are internationally competitive. From 2027 the British Industrial Competitiveness Scheme will reduce electricity costs for over 10,000 eligible businesses, reducing costs by up to £40 per megawatt hour. The British Industry Supercharger currently supports around 550 of the most electricity-intensive businesses. From 1 April 2026 the relief from network charges was uplifted from 60% to 90% for existing recipients of the British Industry Supercharger.
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