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Iron and Steel: Manufacturing Industries

Question for Department for Business, Energy and Industrial Strategy

UIN 46062, tabled on 12 September 2016

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether it remains Government policy to (a) offer specific financial support to the UK steel industry and (b) take a 25 per cent equity stake in Tata Steel.

This answer is the replacement for a previous holding answer.

Answered on

26 September 2016

The Government continues to make compensation payments to all Electricity Intensive Industries, including steel, for the policy costs in their electricity bills. To date we have paid the steel sector over £100 million. We continue to make significant progress in addressing the wider challenges faced by the steel sector, and are working through the Steel Council to ensure the efforts of the sector itself, the Trade Unions, and the Government are all targeted in the right areas.

We are also continuing to work with Tata, the Welsh Government and Trade Unions to support commercial discussions on the future of the company’s remaining UK assets.

Answered by

Department for Business, Energy and Industrial Strategy
Named day
Named day questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.