Chemicals
The question
To ask the Secretary of State for Business and Trade, what steps he is taking to support the chemical sector.
Answered by Sarah Jones
The chemicals sector underpins almost all manufacturing in the UK and is fundamental to maximising growth and productivity across the economy to drive forward the government’s missions, including delivering growth for all. Reforms are underway to address planning barriers to growth, channel finance towards growth priorities and accelerate the transition to net zero.
This will be supported by our modern Industrial Strategy which will implement targeted policy interventions to drive long-term sustainable, inclusive and secure growth.
Last autumn’s Budget announced continued support for Energy Intensive Industries – including chemical companies – through £350M of additional funding across the next two years.
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