SMMT statement on British Industry Competitiveness Scheme

The final design of the British Industry Competitiveness Scheme (BICS) is a major win for Britain’s automotive manufacturers, promising to drive down industrial energy costs and boost competitiveness.

This decisive first step answers our longstanding calls for energy support that reaches the whole of the automotive manufacturing supply chain and recognises the sector’s critical contribution to the UK economy.

It sends a clear and immediate signal that we are open for business and a prime destination for investment.