Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, how much her Department has paid by way of financial assistance under section 8 of the Industrial Development Act n982 in compensation for indirect costs of the (a) UK Emissions Trading System and (b) Carbon Emissions Tax and Carbon Price Support mechanism to (i) INEOS Chemical Grangemouth Ltd and (ii) INEOS ChlorVinyls Ltd in each year since January 2021.

The total compensation these companies have received for indirect costs of the (a) UK Emissions Trading System and (b) Carbon Emissions Tax and Carbon Price Support mechanism is as follows: (i) Jan-2021 to March-2022: £165,174,750, (ii) April-2022 to March-2023: £ 114,934,773, (iii) April-2023 to present: £100,952,928.

We are unable to provide the spending for individual companies or under section 8 alone as this would lead to commercially sensitive information being released.