Written Question·Department for Business and Trade·UIN 67934
Industry: Trade Competitiveness
Tabled: 15 July 2025
Answered: 22 July 2025
Question
Sarah Olney
Liberal Democrat — Richmond Park
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
Sarah JonesFrom 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...
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