Manufacturing Industries: Research
Commons · Question 171 · Tabled 13 May 2026 · Department for Business and Trade · Official record
Answered 22 May 2026
Question
Asked by Gareth Snell
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of high energy costs on the R&D budgets of manufacturing firms.
Answer
Answered by Chris McDonald, 22 May 2026
This Government is committed to reducing energy costs for energy intensive businesses, including eligible manufacturers investing in R&D. From 2027 the British Industrial Competitiveness Scheme (BICS) will reduce electricity costs for over 10,000 elig...