Member

Last year, I launched the consultation on the British industrial competitiveness scheme—BICS—our plan to bring industrial electricity costs more closely in line with those in other European economies. I am grateful for the support of the Chancellor in establishing BICS. The response to our consultation, which we are publishing today, shows overwhelming business support for BICS. The scheme has been endorsed by the Confederation of British Industry and the Society of Motor Manufacturers and Traders. Our partners have done more than just support the policy; they have been co-creators, helping us shape the scope and scale of the scheme. BICS is bigger, bolder and better as a result of their hard work and partnership.