Iron and Steel: Government Assistance
The question
To ask the Secretary of State for Business and Trade, with reference to the comments by the Minister for Industry to BBC News on 6 November 2025, how opportunities to provide support to the steel industry will be chosen.
Answered by Chris McDonald
This government remains committed to delivering up to £2.5bn for steel which is being delivered in part through the National Wealth Fund (NWF). This is in addition to £500m for the Tata Steel transformation project in Port Talbot.
The NWF has £5.8bn of capital to allocate across five clean energy and advanced manufacturing sectors, including steel. The NWF operates independently and is open to steel companies across the UK, offering a transparent and strategic route for investment that supports the government’s growth mission. We encourage any steel companies interested in seeking support to contact the NWF directly.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →