Iron and Steel: Wales
The question
To ask the Secretary of State for Business, Innovation, Science and Trade, how much of the £2.5 billion Steel Fund has been spent within Wales to date.
Answered by Treasury
The Government is providing up to £2.5bn to support the UK steel industry, in addition to the £500m grant to Tata Steel in Port Talbot. This is being delivered through a combination of direct support for steel companies and the National Wealth Fund.
The Department for Business, Innovation, Science and Trade is not running a competitive steel fund and has not sought or received applications from steel companies of this nature. Companies seeking investment can contact the National Wealth Fund.
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