Lower energy costs part of government’s 10-year plan for industry

The government is poised to announce a significant package aimed at alleviating the financial burden of energy costs for UK businesses. As a core component of its extensive 10-year industrial strategy, these measures are designed to stimulate national economic growth. The proposals are expected to deliver substantial reductions in energy bills, potentially cutting expenditures by up to 25% for more than 7,000 businesses across the country. This strategic intervention underscores a commitment to fostering a more competitive and sustainable environment for British industries, contributing to long-term prosperity and stability within the economy. The initiative is intended to provide critical support, enabling enterprises to reinvest savings and boost productivity.