Energy Intensive Industries: Capital Investment
The question
To ask the Secretary of State for Business and Trade, what assessment his Department has made of the impact of existing (a) tax, (b) regulatory and (c) carbon‑related costs on long‑term capital investment in energy‑intensive manufacturing.
Answered by Chris McDonald
No specific assessment on the impact of existing tax, regulatory or carbon-related costs on long-term capital investment in energy-intensive manufacturing has been conducted. However, the Government routinely considers the impact of existing and new policy on businesses, including energy-intensive manufacturing. The Government delivers the British Industry Supercharger and Energy-Intensive Industries Compensation Scheme which aim to mitigate carbon leakage and improve competitiveness of eligible energy-intensive manufacturing industries by relieving them from electricity policy costs and indirect carbon costs. The Government also regularly engages with relevant trade associations to consider potential policy support and sectoral challenges.
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