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<p>Ensuring that the UK is competitive on the energy costs faced by manufacturing
industry is an important element of our Industrial Strategy.</p><p> </p><p>The Department
has made no specific assessments of the effect of energy costs on the sustainability
of the UK chemical sector. We know the chemistry sector recognises the value of the
work we have undertaken in partnership to reduce energy costs. The recently-launched
Chemistry Council Strategy the sector has noted that:</p><p> </p><p>“Government and
industry have worked together to help deliver improved energy costs for energy intensive
industries (EII). This was delivered through a £7 billion EII compensation package
(announced in the Budget 2013), its conversion to an exemption (announced in the Autumn
Statement 2015) and subsequently implemented from 2017.”</p>
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