UK Steel Production: Greensill Capital

Rachel Hopkins Excerpts
Thursday 25th March 2021

(3 years, 8 months ago)

Commons Chamber
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Kwasi Kwarteng Portrait Kwasi Kwarteng
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I am delighted to see my hon. Friend taking part in these critically important proceedings. I know how hard he has worked not only to win his seat and be an excellent, first-rate Member of Parliament, but also in his passion for green energy, renewable technologies and hydrogen; in fact, I am surprised that he did not mention hydrogen in his question. I am delighted to work with him to ensure that we have a future for the steel industry here in the UK.

Rachel Hopkins Portrait Rachel Hopkins (Luton South) (Lab) [V]
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Tackling emissions from steel is critical to the fight against climate change, and I have heard the Minister refer to green steel. The clean steel fund was announced in 2019, but steelmakers will not be allocated any funding from the £250 million scheme until 2023. Why will Ministers not bring forward this funding to boost the industry and its green future?

Kwasi Kwarteng Portrait Kwasi Kwarteng
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As the hon. Lady knows, we are always looking at ways in which we can promote green steel and industrial decarbonisation. I have alluded many times to the fact that we published the strategy last week, and the steel fund is clearly part of that strategy.