19/10/2026
A new electricity-cost relief scheme, the British Industrial Competitiveness Scheme (BICS), launched on 1 October, aims to support small businesses by reducing electricity costs by up to 25%. Over 10,000 businesses may qualify, particularly in foundational industries. Eligible businesses can receive an additional lump-sum payment. To qualify, companies must meet specific criteria, including registration with Companies House and sufficient electricity use. Applications close on 30 November 2026. How do you think this scheme will impact small businesses? Share your thoughts below! π
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