British Steel
Debate between Earl of Minto and Lord Bishop of Oxford(1 year ago)
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The Earl of Minto (Con)
My Lords, that sounds to me rather like the thin end of the wedge. Any return to some form of nationalisation is not appropriate. We operate in a global market now, in all sorts of categories. We must allow the commercial viability of each individual market.
The Lord Bishop of Oxford
My Lords, many of us around this House will have experience of what happens in communities when these devastating redundancies happen. I was Bishop of Sheffield in South Yorkshire for many years and saw the effects at first hand. Can the Minister say more about the Government’s plans to invest in the area to help those affected transition through? In particular, what industries and areas of employment does he see as appropriate to the Scunthorpe area, given all the technological and industrial changes that we are seeing?
The Earl of Minto (Con)
Since 2018, the Government have provided about £200 million-worth of investment into the north and north-east Lincolnshire, across a range of different categories. As far as this specific transition is concerned, I ask the House to consider the level of support that has been agreed by the Government —new government money managed by both the Welsh and Westminster Governments—which is providing some transition from the historic steel jobs of Port Talbot to the future.