UK expands energy bill support scheme for businesses amid rising costs
The UK government has announced an expansion of the British Industrial Competitiveness Scheme (BICS) to support more energy-intensive businesses with their energy bills.The scheme, initially designed to help 7,000 firms, will now cover around 10,000 companies from April 2027.Eligible businesses, including those in sectors such as steel, pharmaceuticals, automotive, aerospace, and recycling, could see their energy bills cut by up to 25%.The support will exempt these firms from certain electricity levies related to the net zero transition.The government also confirmed that payments will be backdated to April 2026, with a one-off payment in 2027 covering the support firms would have... [Continue Reading]
360LiveNews | 16 Apr 2026 00:06 LONDON
