Iron and Steel: Wales
The question
To ask the Secretary of State for Business and Trade, whether he has received representations from the Welsh Government on the amount of funding to allocated to Wales from the steel fund.
Answered by Chris McDonald
The UK Government has committed up to £2.5 billion to support the steel industry, which is being delivered in part through the National Wealth Fund. This is in addition to £500 million towards Tata’s transformation of Port Talbot steelworks. The National Wealth Fund, which is operationally independent, is already engaging with companies across the UK on projects that meet its investment principles.
The Welsh Government is represented on the Steel Council, which is a key body for developing our Steel Strategy, to be published later this year.
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