British Industrial Competitiveness Scheme

Catherine Atkinson Excerpts

Thursday 16th April 2026 Commons Chamber

[Peter Kyle]

I am grateful to the shadowy Business Minister for his greatest hits performance for the House today. He says that supporting 10,000 businesses is nothing. I can tell him that it means a hell of a lot for those businesses getting that support, because it will mean a 25% reduction in their energy costs. It is being paid for, of course, by reducing some of the tariff charges and by some of the other Government schemes that offer relief. It is also paid for partly by the Exchequer, which is funded by people who pay their taxes.

[Catherine Atkinson (Derby North) (Lab)]

I hosted a meeting of small and medium-sized manufacturers in Derby about the challenges of energy costs as part of a manufacturing commission inquiry on SMEs and growth. I welcome the expansion of Government support for British business in energy-intensive sectors by slashing their electricity charges. Can the Business Secretary assure us that the scheme will support smaller manufacturers as well as the largest, and can he tell us more about how this Government will continue to work proactively, hand in hand, with businesses to meet challenges, rather than sitting on their hands like the last Government?

[Peter Kyle]

I am extremely grateful for my hon. Friend’s representations and reflections. I can assure her that the BIC scheme is being calculated on the electricity intensity threshold. It is for those manufacturing businesses that have electricity as a significant part of their costs of doing business. In the summer, we will announce an eligibility checker so that every business can go and check their own eligibility for the scheme going forward. I am keen to stay in touch with her because her area around Derby, of course, is part of the manufacturing renaissance, creating great opportunities for not just her region, but the whole country.