Applications have opened for a government scheme designed to reduce electricity costs for more than 10,000 manufacturers across the UK.
The British Industrial Competitiveness Scheme (BICS) aims to cut eligible businesses’ electricity bills by up to 25%, with support due to begin in April 2027. Manufacturers have until 30th November to register for the scheme.
The support targets businesses in eight high-growth sectors, including aerospace and defence, alongside foundational industries that supply them. The Government says the scheme will help manufacturers manage energy costs, support investment and protect jobs.
Eligible businesses will also be able to receive an additional lump-sum payment equivalent to around a year’s relief. However, this will only be available to companies that apply during 2026.
Business Secretary Jonathan Reynolds said:“We will reindustrialise Britain by tackling one of the biggest pressures facing manufacturers and cutting their electricity bills.
“I’d urge every eligible manufacturer to get your application in for the British Industrial Competitiveness Scheme. This support will help companies spend less on energy and more on growing their business, unlocking the growth we want to see across the country.”
Labour says BICS forms part of wider efforts to improve the competitiveness of UK industry and address high electricity prices.
Other measures include the British Industry Supercharger, which provides more than £400 million a year in electricity cost support for energy-intensive industries such as steel, chemicals, glass, paper and ceramics.
The Government has also allocated £350 million for the chemicals sector and £120 million for ceramics to help address energy costs and strengthen industrial resilience.
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