British Industrial Competitiveness Scheme
(asked on 23rd October 2026) - View Source
Question to the Department for Business, Innovation, Science and Trade:
To ask the Secretary of State for Business, Innovation, Science and Trade, what estimate his Department has made of the total savings to businesses under the British Industrial Competitiveness Scheme in financial year 2027–28.
Answered by
Blair McDougall
Parliamentary Under-Secretary of State (Department for Business, Innovation, Science and Trade) (Jointly with the Department for Energy Security and Net Zero)
The British Industrial Competitiveness Scheme (BICS) is expected to be worth around £600 million per year from April 2027. Eligible businesses are expected to save up to £40 per megawatt hour on their electricity costs.
The Government will also provide an additional payment for eligible firms in 2027. The amount of this payment will be proportionate in value to what businesses would have been entitled to had BICS been in operation from April 2026.