BEAMA Industrial Strategy white paper
27 November 2024
BEAMA has today launched an Industrial White paper, demonstrating how support for the electricity products manufacturing sector can achieve decarbonisation and industrial growth.
Contents and executive summary:
Executive Summary
Why is BEAMA important for an industrial strategy?
BEAMA represents manufacturers in the electrical products sector. This forms part of the clean energy industry, which Government has identified as growth-driving. Our members are also necessary for Clean Power by 2030 and the wider transition to Net Zero, both key Government policy aims. Success will be put at much greater risk without industrial activity in the UK. Therefore, Government should seek to help our sector perform strongly to meet its economic and energy policy goals.
Why is an industrial strategy important for us?
Based on the estimates of investment and growth required for the Net Zero transition – in which our members need to play a critical role – we should expect to be seeing transformational levels of planned investment, but this is not the case. We have some existing strengths to build on in our industry. Government can help significantly improve our members’ prospects with a combination of clear long-term policy and targeted support interventions.
Requirements for our Industry – Demand
The overwhelming message from the BEAMA membership is that visible product demand is a prerequisite for businesses to consider industrial growth. Policy consistency, reducing the price of electricity and consumer pathways are cross-sector interventions that will improve demand. We also recommend numerous specific interventions that can improve and clarify demand across electricity networks, heating, hot water and ventilation, smart energy products, electric transport and building electrical systems.
Requirements for our Industry – Industrial conditions
If demand is sufficient, Government actions to improve industrial conditions can create a suitable environment for investment. Recommended action areas include policy consistency, innovation support, positive trade policy, clarity on industrial decarbonisation, securing the benefits of digitalisation in manufacturing, fair competition and direct financial support. BEAMA and its members are ready to constructively and fully engage with Government and industry partners to pursue shared goals of decarbonisation and industrial growth.
Annex 1 – deep dive into electricity networks
Annex 2 – deep dive into electric heating
