Commons Sense

House of Commons · Ministers' Questions

Industrial Strategy: Steel Industry

Thursday 23 January 2020 · 1 question

Summarised by AI from the official record, so it can contain mistakes.

Read the full transcript on Parliament.uk

At a glance

Answered 1 Partly answered 0 Not answered 0

Key points

  • Stephanie Peacock asked the Minister about discussions on the effectiveness of the Government's Industrial Strategy in attracting inward investment to the steel industry.
  • The Minister responded that the Government have provided more than 600 million of support to the steel industry since 2013.
  • The support includes 300 million for energy cost relief, 250 million for innovation, and 66 million for new technologies.

Topics (select to filter)

Questions & Answers

Q1 Stephanie Peacock Lab Wantage
Business & Trade
Context

Discusses the government's support for British steel makers and the claim that only 50% of steel purchased by the Government comes from Britain.

Question

What discussions has she had with the Secretary of State for Business, Energy and Industrial Strategy on the effectiveness of the Government's Industrial Strategy in attracting inward investment to the steel industry? Is it not time that the Government actually backed our steel industry, bought British and introduced a sector deal for steel?

Answer from Graham Stuart (Minister of State for Trade Policy)

We work closely with colleagues in the Department for Business, Energy and Industrial Strategy to promote steel. Since 2013, the Government have provided more than £600 million of support, including £300 million for energy cost relief, £250 million for innovation and £66 million for new technologies. We established a steel export taskforce with UK Export Finance and are keen to promote steel exports.

Answered
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