Iron and Steel: Wales
The question
To ask the Chancellor of the Exchequer, pursuant to the answer of 23 June 2026 to question 11289, how many applications the National Wealth Fund has received from steel companies requesting investment from the Steel Fund (a) in total and (b) for steel sites in Wales; and much funding has been (i) requested and (ii) allocated.
Answered by Lucy Rigby
The Government is providing up to £2.5 billion to support the UK steel industry, in addition to the £500 million grant to Tata Steel at Port Talbot. This is being delivered through a combination of direct support for steel companies and the National Wealth Fund (NWF), which aims to commit £5.8 billion to five priority sectors, including green steel. All funding is allocated on a case-by-case basis subject to scrutiny of individual propositions. Businesses seeking the NWF’s finance or support from should contact them directly via their website:
https://www.nationalwealthfund.org.uk/contact-us
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