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Government ready to help high energy businesses
The new programme, which offers £250m of direct financial assistance, aims to reduce the impact of energy and climate change policies on the cost of electricity for those energy-intensive industries whose international competitiveness is most affected by them.
The call for evidence asks companies and trade bodies to share information and data about their energy intensity in order to help Government target compensation effectively.
Business Secretary Vince Cable said: “The Government is committed to ensuring that manufacturing is able to remain competitive during the shift to a low carbon economy. The measures proposed in our EII Package will offer crucial support to energy intensive industries.”
Energy and Climate Change Secretary Edward Davey said: “As we manage the transition to a cleaner energy mix, it’s important that we are alive to adverse impacts felt by energy intensive industries which face tough competition overseas.
The evidence we are calling for today will help us to target the financial support we have available to those businesses that need it most.”
Further information
www.nds.coi.gov.uk
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