Written question asked by Sarah Olney (Liberal Democrat) on Tuesday, 15 July 2025, in the House of Commons. It was due for an answer on Thursday, 17 July 2025. It was answered by Sarah Jones (Labour) on Tuesday, 22 July 2025 on behalf of the Department for Business and Trade.
British Industrial Competitiveness Scheme
- Question
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To ask the Secretary of State for Business and Trade, with reference to p.30 of The UK's Modern Industrial Strategy, published on 23 June 2025, what his Department's timetable is for publishing its consultation on a new British industrial competitiveness scheme.
- Answer
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From 2027, the new British Industrial Competitiveness Scheme will reduce electricity costs by up to £40 per megawatt hour, which could benefit over 7,000 electricity-intensive businesses in manufacturing sectors, like automotive, and foundational manufacturing industries in the supply chains, like chemicals. Eligible businesses will be exempt from paying the costs of the Renewables Obligation, Feed-in Tariffs and the Capacity Market. My department is working towards launching a consultation to determine eligibility which will open shortly. The scheme is subject to review in 2030.
Secondary information
- Type
- Written question
- Reference
- 67934
- Session
- 2024-26
- Related items
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The UK’s Modern Industrial Strategy
Monday, 23 June 2025
Command papers
House of Commons
House of Lords
- Subjects
- British industrial competitiveness scheme
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2026-04-28 21:02:35 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/67934
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/67934
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/67934