FEATURED OPPORTUNITY · MANUFACTURING AND ENGINEERING BUSINESSES
British Industrial Competitiveness Scheme (BICS)
“The scheme is expected to benefit over 10,000 businesses and reduce electricity costs by up to £40 per megawatt hour. This could be up to 25% off your electricity bill.”
Applications open now — closes 30 November 2026
Around 3 minutes · Free · No sign-up required
Energy Relief Vault
Less work for your team.More confidence in your BICS application.
Bring your evidence together, reduce preparation time and move forward with specialist review.
For sites that need detailed production and electricity allocation.
What’s included
Everything in Standard, plus:
Fixed Assets: Map machinery and infrastructure to specific products.
Production Line Builder: Allocate shared resources across processes.
Documented calculation method: A method supported by operational evidence.
Agreed scope: A clearly explained scope, approved before work begins.
Advanced rates replace Standard rates for the upgraded work. They are not an additional fee on top.
Success fee on verified benefit each quarter
First £25,000 each quarter
20%
Amount above £25,000
10%
How the quarterly calculation works
Fees are progressive within each quarter. The £25,000 threshold resets independently every quarter. It is not an annual threshold, and the first rate is not charged on all savings.
Example: £40,000 verified benefit in one quarter
Standard
First £25,000 (10% of £25,000)
£2,500
Next £15,000 (5% of £15,000)
£750
Quarterly fee
£3,250 plus VAT
Advanced
First £25,000 (20% of £25,000)
£5,000
Next £15,000 (10% of £15,000)
£1,500
Quarterly fee
£6,500 plus VAT
Ready to get started?
Create your account to begin setting up your company in Energy Relief Vault.
Less preparation for your team. Specialist review you can rely on.
Start with the records you already hold. The Vault organises your evidence pack, and Energy Relief Vault's specialists review it against scheme requirements and prepare the application. Your team stays in control of the final approval.
01 / Your team
What your team provides
Provide existing records, answer targeted questions and approve the final position. You do not have to organise the application alone.
01Existing electricity bills and MPAN details
02Routine site production and output records
03Answers to targeted questions
04Final approval of the application position
02 / Myriad
What we handle
We turn your records into a structured evidence pack and review the technical details, reducing the preparation work for your finance team.
01Build your evidence pack and identify gaps
02Resolve ambiguous SIC and HS6 classifications
03Calculate energy allocations and pro-rating
04Prepare the application against scheme requirements and manage ongoing records
Meet some of the team behind Energy Relief Vault.
Barrie DowsettChief Executive Officer
Helen BartlettFinance Manager and Energy Relief Analyst
Karly KangCorporate Tax and Energy Relief Analyst
Over 20 years helping UK manufacturers secure Government incentives.
Energy Relief Vault combines time-saving evidence preparation with Myriad’s specialist review, giving your finance team a clear, documented basis for the application.
Your core evidence can also support a review of other energy reliefs, reducing repeated preparation. Each scheme has its own conditions, and relief cannot simply be duplicated on the same electricity.
What your team needs to provide, how the Vault saves preparation time, and how specialist review supports your application.
What is the British Industrial Competitiveness Scheme?
BICS is a Government scheme intended to remove certain Renewables Obligation, Feed-in Tariff and Capacity Market costs from qualifying manufacturing electricity in Great Britain.
Which manufacturers may qualify?
A business must meet the relevant company, eligible sector, product, location and electricity tests. Manufacturing must take place in England, Scotland or Wales, and the manufactured product must match the active scheme-year eligible HS6 list.
What is the minimum electricity threshold?
The formal grid-electricity threshold is strictly more than 16.5 MWh over the required six consecutive months. Behind-the-meter solar, CHP and wind generation is excluded. The 33 MWh annual figure is only an annualised proxy.
What evidence will our team need to provide?
Start with records your team already holds: electricity bills and MPAN details, company information, and product and production records. Energy Relief Vault brings these together into a structured evidence pack and highlights gaps, so your team can focus on targeted questions rather than organising the application from scratch.
How does the Vault save our finance team time?
The Vault brings records, outstanding questions and application progress together in one place. Myriad’s specialists review the evidence, work through technical questions and prepare the application, reducing the preparation work for your team. Your team still supplies accurate records and approves the final position.
How does specialist review support a compliant application?
Myriad’s specialists review the evidence against scheme requirements, identify gaps and document the basis for the application. Your finance team has a structured evidence pack to review before approving the final position. Eligibility and approval still depend on the applicable scheme criteria; using the Vault is not a guarantee of either.
Is the indicative assessment an eligibility decision or guaranteed saving?
No. The assessment is an indicative illustration based on public assumptions. It is not an eligibility decision, application, quote or guaranteed saving. The final position depends on verified supplier data, product mapping and the formal eligibility criteria.
What does the service cost?
There is no upfront consultancy fee. Billing is calculated quarterly from actual verified BICS benefit evidenced by supplier and electricity information. We operate on a no claim, no fee basis.
What happens if only part of our production qualifies?
Complex sites can be assessed through the Advanced service. Our specialists review production-line allocations, machinery and asset profiles, energy-source attribution and any shared-site or landlord-supply arrangements.
Can BICS be combined with other energy reliefs?
Different relief routes can be assessed from the same core evidence, but relief cannot simply be duplicated on the same electricity. In particular, Supercharger relief cannot be duplicated on electricity receiving BICS relief.
What happens after a BICS application is approved?
The relief has an ongoing five-year compliance lifecycle, including declarations, a full review and renewal. Material changes must be reported and supporting records retained for at least six years.
Your next step
Ready to get started with Energy Relief Vault?
Create your account to begin setting up your company in the Vault. If you have questions about your business or the process, speak to an energy relief specialist.
