Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, with reference to the UK’s Modern Industrial Strategy, CP 1337, published on 23 June 2025, what progress he has made on creating the new British Industrial Competitiveness Scheme.

The British Industrial Competitiveness Scheme (BICS) will be implemented from 2027, reducing electricity costs by approximately £35-40/MWh for eligible businesses in foundational industries and high-growth manufacturing sectors identified in the Industrial Strategy.

The Department for Business and Trade has established a new team dedicated to delivering BICS. Officials have begun meeting with stakeholders and a consultation on eligibility for the scheme is planned for later this year.