Iron and Steel: Manufacturing Industries
The question
To ask the Secretary of State for Business and Trade, how much funding was allocated to the steel innovation grant scheme.
Answered by Chris McDonald
We are committed to providing up to £2.5bn for the steel sector, which is being delivered in part through the National Wealth Fund. The NWF has £5.8bn to invest across clean energy and advanced manufacturing sectors, including steel, and is engaging with firms on opportunities aligned with its investment principles.
No funding has been allocated to a competitive steel grant fund.
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