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Iron and Steel: Manufacturing Industries

Asked by Dame Harriett BaldwinConservativeDepartment for Business and TradeTabled Answered 12 December 2024UIN 18539

The question

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

Answered by Sarah Jones

We inherited a situation which has seen years of entrenched under-investment. That will take time to turn around, but we are determined to do so. We are working at pace to deliver a Steel Strategy that will set out a long-term vision for a bright and sustainable steel sector in the UK, with good highly paid jobs.

The Strategy will be supported by up to £2.5bn funding that will be available through the National Wealth Fund and other routes.

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