UK Steel Industry Debate

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UK Steel Industry

Jo Churchill Excerpts
Monday 11th April 2016

(8 years, 8 months ago)

Commons Chamber
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Sajid Javid Portrait Sajid Javid
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The hon. Gentleman’s comments could not be further from the truth. The meeting in Mumbai that he refers to was a board meeting to decide whether to accept the decision that was being made by the executive management of Tata Steel from the CEO downwards. If the British Government had waited for that meeting and just turned up at that time, it would have been too little, too late. Action was required weeks before that, so when we first heard about closure, we took action. I am sure the hon. Gentleman would agree that a sales process that has the ability to secure the workers’ future is far better than outright closure.

Jo Churchill Portrait Jo Churchill (Bury St Edmunds) (Con)
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Last week I had a meeting with constituents in Suffolk who are heavily involved in the steel industry. We spoke about now, but we also spoke about the future and how to use innovation more effectively in the sector. Will my right hon. Friend meet me and my constituents with a view to extending research and development credits to the steel sector to support the 21st-century steel industry that Members across the House have been talking about?

Sajid Javid Portrait Sajid Javid
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My hon. Friend makes a very good point. In some parts of the UK where steel plants are based there are enhanced credits and capital allowances through enterprise zones. She makes an interesting suggestion about R and D tax credits that could help the industry more widely, so of course I will meet her.