Applications open on 1st October.

The British Industrial Competitiveness Scheme (BICS) is a major new scheme designed to reduce electricity costs for manufacturing businesses operating in Industrial Strategy growth sectors. The scheme will benefit over 10,000 businesses, reducing electricity costs by up to £40 per megawatt hour, equivalent to an average discount of around 25% off electricity bills. Eligible businesses will also receive an additional payment in 2027 to cover costs approximately equivalent to an extra year’s benefit.

Applications for the scheme will open on the 1 October and close on the 30 November.

DBIST has launched comprehensive business guidance and an online eligibility checker.

If you are not eligible, we would be keen to hear from you, so we can feedback messaging from the East Midlands about why not, contact us at emmn@emc-dnl.co.uk