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Iron and Steel: Manufacturing Industries

Asked by Nigel FarageReform UKDepartment for Business and TradeTabled Answered 18 October 2024UIN 8697

The question

To ask the Secretary of State for Business and Trade, what steps his Department is taking to support the steel industry.

Answered by Sarah Jones

The Government is developing a steel strategy in partnership with the steel sector and trade unions that will set out a long-term vision for a sustainable steel sector, which we plan to publish in Spring 2025.

We have committed £500mn to Port Talbot’s transformation and up to £2.5bn for steel which will be available through the National Wealth Fund and other routes to help rebuild the sector.

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