Applications Open for Scheme to Slash Electricity Bills for Over 10,000 Manufacturers

More than 10,000 businesses across Great Britain are a step closer to vital government support to slash their electricity bills, as applications open today for the British Industrial Competitiveness Scheme (BICS).

Business Secretary Jonathan Reynolds has urged eligible manufacturers to sign up before registrations close on 30 November to receive support from April 2027, marking the next milestone in government action to tackle industrial energy costs and reindustrialise Britain.

A flagship measure of the Modern Industrial Strategy, BICS will cut manufacturers’ electricity costs by up to 25 percent, with support targeted at the UK’s frontier and foundational industries where around 98 percent of all firms are small businesses.

It will save companies hundreds of millions of pounds a year and help them invest, grow and create good jobs across the country as part of the Prime Minister’s mission to reindustrialise Britain.

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.

This government is focused on giving businesses a bit of breathing space, so they can invest, grow and create good jobs.

By backing British industries, we are strengthening Britain’s economic resilience and driving growth in every postcode.