(12 months ago)
Commons ChamberThe Government have committed £20 billion to support early development of CCUS—carbon capture, usage and storage—and £500 million to the industrial energy transformation fund to help industry to decarbonise, with phase 3 expected to open for applications in early 2024.
It is a shame that the hon. Gentleman could not find it within himself to congratulate Mayor Ben Houchen on all the work he is doing to bring steelmaking back to the Tees Valley for the first time in a generation. The Government are engaging with the steel industry on a sustainable future, as announced on 15 September. Tata Steel expects to invest £1.25 billion, including a UK Government grant worth up to £500 million, in a new electric arc furnace. Frankly, the hon. Gentleman should start talking up the Tees Valley.
Sheffield has a proud history of steelmaking, so much so that we are known globally as the “steel city.” To this day, steel supports thousands of jobs in Sheffield, but repeated failures by this Government mean that more and more families are worried about the future of this key industry and the livelihoods that depend on it. Will the Minister commit to giving this vital sector the support it needs to decarbonise in a fair way, while ensuring that the industry has a green, sustainable and prosperous future?
I thank the hon. Lady for that question and, yes, I can give that commitment, because we are already engaging in that work. We are working with companies up and down the UK to ensure that they are able to decarbonise and deliver secure, high-wage, high-skilled jobs into the future, which will be the backbone of this economy as we move forward.