CBM Welcomes Industrial Strategy that Promises to Slash Energy Costs and Boost Manufacturing Competitiveness

CBM welcomes Industrial Strategy that promises to slash energy costs and boost manufacturing competitiveness

The Confederation of British Metalforming (CBM), which is based in West Bromwich, has heralded the Government’s new Industrial Strategy as the most joined-up and manufacturing-focused plan it has seen in years.

Industrial strategy promises to slash energy costs and boost manufacturing competitiveness - Energy Sustainability Solutions

According to the Confederation of British Metalforming (CBM), the Government’s new Industrial Strategy is ‘the most joined-up and manufacturing-focused plan it has seen in years’. The ten-year vision includes the launch of the British Industrial Competitiveness Scheme, which will see a reduction in electricity costs by up to £40 per megawatt hour for energy-intensive sectors, such as the hugely important automotive and aerospace markets that CBM…

UK industrial strategy prioritises advanced manufacturing and ...

Government will subsidise electricity-intensive industries as part of support for eight key sectors

Manufacturers give enthusiastic welcome to industrial strategy and advanced manufacturing plan

Stephen Phipson CBE Make UK CEO Manufacturers have been enthusiastic in their response to launch of the government’s long awaited Modern Industrial Strategy, the first such strategy since 2017, hailing it as one of the most important events for British industry in a generation.   Manufacturers have argued that the absence of an industrial strategy has been the UK’s ‘economic Achilles’ heel’. The strategy announced plans to cut manufacturers’ ene…