Speciality Steel UK: Insolvency

Clive Betts Excerpts

Tuesday 2nd September 2025 Commons Chamber

[Sarah Jones]

The hon. Gentleman is right to point out the importance of our defence industry and the need for us to support it. Of course, the industrial strategy outlined eight growth-driving sectors that we believe can be turbocharged with Government support—defence was one of them. We have published those sector plans, apart from the defence one, which will come shortly—he should look out for it. We have significantly increased funding for defence, which will lead to thousands of jobs across the UK. I will work closely with my colleagues in defence, particularly the Minister for Defence Procurement and Industry, to ensure that we procure UK jobs where we can and support our industry to grow.

[Mr Clive Betts (Sheffield South East) (Lab)]

First, I thank the Minister for her action—after 14 years of inaction by the Conservative party, it is a welcome change. Sheffield is synonymous with steel, particularly special steels, after Harry Brearley invented stainless steel in the city over 100 years ago. The Minister mentioned public procurement, and consideration being given—I think those were the words she used—to the purchase of British steel. May I ask her to be clearer about what “consideration” means? I hope that it means looking not simply at the narrow issue of costs for a product, but at the wider benefits of purchasing UK steel—benefits to the steel and engineering sectors, as well as to the broader economy. Will she assure us that when public procurement takes place, those wider considerations will come into effect?

[Sarah Jones]

Yes, within the parameters of what we can do legally, in terms of subsidies. We are ensuring, and the Cabinet Office is keen to ensure, that when we spend public money, we buy British. The value of that, and of British jobs around the country, is recognised in the contracts that we pursue. My hon. Friend talks about the importance of steel in his area. I have talked with colleagues about developing a steel corridor, which I think is important. We are pursuing that through the steel strategy.