To ask the Secretary of State for Business, Innovation and Skills, whether all companies in the steel industry which are entitled to state aid for renewables obligation and feed-in tariffs are receiving that compensation.
24 February 2016
On 14 December, the EU Commission approved our first state aid case - to commence relief from the indirect costs of the Renewables Obligation and small-scale Feed-in-Tariff. eligible companies are now able to apply for compensation, and those that apply by the end of the financial year will receive payments from the date of approval. Scheme guidance and application forms were published on 19 January 2016 and details can be found on the GOV.UK website. This compensation is in addition to the £60 million of support the Government has already given to the steel industry to mitigate the impact of climate policy.