British Industrial Competitiveness Scheme
Commons · Question 67934 · Tabled 15 Jul 2025 · Department for Business and Trade · Official record
Answered 22 Jul 2025
Question
Asked by Sarah Olney
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
Answer
Answered by Sarah Jones, 22 Jul 2025
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 manufact...