Cost of electricity Thousands of businesses The green levy will be scrapped and cut to help competing with foreign rivals.
Planning that could do Cut up to 25 percentSir Kire is an important part of the stormer 10-year-old industrial strategy He hopes that economic growth will stutter and change the business scenario.
The Prime Minister said that the scheme symbolizes “an important point for the UK economy” by supporting major industries where development is likely.
The manufacturers have warned the cost of “crippled” power for Britain businesses compared to contestants abroad.
Since 2027, a new British industrial competition scheme will cut the cost of over 7,000 manufacturing firms to £ 40 per m
About 500 of the most energy -singing firms, including steel industry, chemicals and glycemaking, will also see the cuts in their network fee – they currently get 60 percent discount through the British Industry Supercharger Yojana, which will increase from 2026 to 90 percent.
The scheme also promises measures to speed up the time taken to connect new factories and projects to the energy grid.
Sir Keir said: “This industrial strategy is a significant turn for the UK economy and a clear break from the short -term and sticky plaster of the past.”
He said that during the decade’s plan “era of global uncertainty”, long-term certainty and guidelines need to invest British businesses “.
Energy Secretary Ed Milliband blamed “our dependence on gas on volatile international markets” for the cost of high power for businesses.
He said that “double” will bring down the bill for businesses for homes and good on air and nuclear power “.
The industrial strategy focuses on the eight regions where the UK is already strong and is likely to grow further: advanced manufacturing, clean energy, creative industry, defense, digital, financial services, life science and professional and professional services.
The plans for five areas will be published on Monday, but will come later to defense, financial services and life science strategies.
Strategy comes after the latest data The economy shrunk Up to 0.3 percent in April, the biggest monthly contraction in GDP for one-and-a-half years, as businesses felt the impact of Donald Trump’s tariff and domestic pressure as a result of the national insurance contribution of firms.
There are also concerns in the industry about the impact of the government’s employment rights bill, which can add commercial costs.
The Confederation of Rain Newton-Smith, Chief Executive Officer of the British industry, said: “More competitive energy prices will provide a basis for rapidly tracked planning decisions and support innovation development.
“But attracting investment will require to focus a laser -like and unbreakable focus on the UK’s overall competition for the global race.”
The manufacturers’ organization Make UK head Stephen Fipson said the three major challenges facing the industry are “a skill crisis, reducing energy costs and the inability to use capital for new British innovators”, and strategy “sets a plan to address all three”.
TUC general secretary Paul Novak said: “We welcome ministers, who take action to reduce the sky -high energy costs for the manufacturers – some unions have called as urgency.
“For a very long time, the UK industry has been surrounded by energy prices in France and Germany. It is difficult to compete, invest and grow.”