Oral Answers to Questions

Stephanie Peacock Excerpts

Thursday 23rd January 2020 Commons Chamber

[Elizabeth Truss]

I am very proud of the work that UK Export Finance does. It has just celebrated its 100th birthday of supplying export finance for British business. I am very keen, and I have laid this out to the team, that we do more to support small and medium-sized enterprises. I would be very happy to look at the case for my hon. Friend’s constituent, and make sure that he is getting the support that he needs. We do have additional available finance, and there is also an exporting toolkit for MPs to help them get in touch with export finance.

[Stephanie Peacock (Barnsley East) (Lab)]

2. What discussions she has had with the Secretary of State for Business, Energy and Industrial Strategy on the effectiveness of the Government’s Industrial Strategy in attracting inward investment to the steel industry.

[The Parliamentary Under-Secretary of State for International Trade (Graham Stuart)]

I thank the hon. Lady for her question and for her continued championing of the UK steel industry. We work closely with colleagues in the Department for Business, Energy and Industrial Strategy to promote steel. Since 2013, the Government have provided more than £600 million of support, including £300 million for energy cost relief, £250 million for innovation and £66 million for new technologies.

[Stephanie Peacock]

The Government claim to be supportive of British steel makers, yet only 50% of steel purchased by the Government comes from Britain. Is it not time that the Government actually backed our steel industry, bought British and introduced a sector deal for steel?

[Graham Stuart]

With our colleagues at UK Export Finance, we established a steel export taskforce and we are very keen to promote steel exports. The hon. Lady is right that we should do everything we can to ensure that British steel is used in the UK. I am happy to work, both here and abroad, to make sure we support the steel industry going forward.