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The UK Government has recently announced its new Industrial Strategy which sets out a ten-year plan to boost investment, create skilled jobs and make Britain the ‘best place to do business’ by tackling two barriers facing the industry right now – high electricity prices and long waits for grid connections.
Manufacturers are currently paying some of the highest electricity prices and the scheme is set to reduce these costs by 25% for over 7,000 businesses in the industry. From 2027, the scheme (known as the new British Industrial Competitiveness Scheme) will reduce electricity costs by up to £40 per megawatt hour across industries such as automotive, aerospace and chemicals.
The strategy will make businesses in the industry exempt from paying levies such as the Renewables Obligation, Feed-in Tariffs and the Capacity Market, support over 300,000 skilled jobs, and provide support for the most energy-intensive firms such as steel, chemicals and gas. With the changes, the industry is set to stay competitive, protect jobs, invest in the future and be provided with the stability to support further growth.
The strategy complements the government's long-term mission for clean power which they believe is the only way to bring down energy bills for good and end the UK’s dependency on fossil fuel markets.
Many businesses in the UK continue to look at implementing more sustainable alternatives into their business to support the government’s net zero plans as well as their own ‘green’ business strategies.
By introducing these technologies sooner rather than later, the industry will benefit from even lower energy costs, as well as reducing their carbon footprint.
In preparation for the scheme becoming available, businesses can look to stay ahead and invest in energy-efficient machinery, greener infrastructure, and smarter technology now.
Whether it’s electric forklifts, LED lighting, production line upgrades, or renewable energy solutions like solar panels businesses are often left balancing the need to modernise in line with government policies against the realities of cash flow.
This is where access to flexible and efficient finance can be a game-changer for your business when investing.
Instead of tying up cash or delaying progress, asset finance allows industrial businesses to:
With the right finance in place, you can reduce costs, stay competitive, and grow with confidence. Whether you're looking to upgrade machinery, expand your production line, or invest in greener, more efficient technology, we can help you finance a wide range of assets such as;
You can request a no-obligation quote or apply now for essential equipment and upgrades through the Bluestone Portal.
Alternatively, if you want to discuss your options with one of our team of industry experts, fill in our contact form, or give us a call on 0330 135 8660.
Bluestone is an ethical and FCA-regulated finance intermediary. We are committed to ensuring that our clients make informed financial decisions based on their requirements and always recommend that our clients seek independent financial advice from an authorised source before committing to any financial agreements.
If you would like to explore software finance solutions in more detail, get in touch using the enquiry form below, or contact us here. One of our friendly and experienced team will be in touch as soon as possible.
Last Updated: 2d July 2025. Version: BS2025.06.01.IND
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