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British Industrial Competitiveness Scheme

16 April 2026

Lead MP

Peter Kyle

Debate Type

Ministerial Statement

Tags

EconomyEnergyBusiness & Trade
Other Contributors: 22

At a Glance

Peter Kyle raised concerns about british industrial competitiveness scheme in the House of Commons. A government minister responded. Other MPs also contributed.

How the Debate Unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said:

Government Statement

EconomyEnergyBusiness & Trade
Government Statement
The Minister for Business and Trade announced a package to reduce electricity costs for British industry, addressing high costs that undermine manufacturing jobs and communities. The statement includes an increase in the network charging compensation scheme discount from 60% to 90%, saving companies up to £420 million annually. The new 'British Industrial Competitiveness Scheme' (BICS) will benefit 10,000 electricity-intensive manufacturing businesses with savings of up to £40 per megawatt-hour starting next year. These firms will be exempt from indirect costs related to renewables and capacity market schemes. The Government aims to protect British industry through a one-off payment for the 2026-27 period reflecting support had BICS been in place earlier. This intervention is part of an activist industrial strategy to shield businesses from global instability.

Shadow Comment

Gareth Davies
Shadow Comment
The shadow minister welcomed the Government's recognition of high industrial energy bills but sought clarity on several points: 1) The scheme's limited reach, impacting only about 1% of companies; 2) Immediate relief for businesses struggling now; and 3) Funding for a one-off payment next year. Davies also urged the government to address structural issues like carbon price support removal and tax reductions sooner.
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