B

Baroness Lloyd of Effra (Lab)

Speaking in the House of Lords on 22 April 2026

Debate

British Industrial Competitiveness Scheme

Contribution

This is a long-term support programme to support industries in line with the industrial strategy. I have heard calls to expand and deepen the scheme. We have designed the scheme to support about 10,000 businesses that are aligned with the manufacturing frontier industries and the foundational industries, such as chemicals. They will get that support. We have heard the calls to act sooner and for transitional relief. That is why there will be a payment next year, reflecting the situation had the scheme been applied this year.

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