SMMT statement on Energy Bills Discount Scheme

09 January 2023 #SMMT News

Mike Hawes, SMMT Chief Executive, said:

A new energy support scheme to help all businesses next winter is welcome. Energy remains the second largest automotive manufacturing input cost and UK businesses already face the highest electricity costs in Europe. However, automotive will not qualify for the additional higher-level support afforded energy intensive sectors, despite being one of the UK’s largest exporters and trade intensive sectors, and facing energy bills that cripple its competitiveness. The upcoming Budget should go further, therefore, allowing vehicle producers and suppliers to qualify for additional measures in line with energy intensive industries, ensure climate change agreements are maintained and energy efficient capital investments are incentivised.

Filter News

Update Newsletter