Port Talbot Transition Project
Debate between Steve Witherden and Jonathan Reynolds(3 months, 1 week ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Jonathan Reynolds
The levels of ambition and resource that we have as a new Government are actually greater than the figures that the hon. Lady has just given. To do the work that she describes requires a private sector partner. The Government cannot alone meet the capital expenditure needs. Indeed, to be successful it is better to work with a private sector partner to deliver that. Having a partner to retain virgin steel production is part of what the strategy will be able to address. If I had a partner willing to keep blast furnaces open, I would be very interested in that. However, I do not want to spend this very large sum of money in our clean steel fund on subsidising operating losses for one or two years, which would eat up most of that £3 billion and leave us with nothing at the end of it. I want to co-invest with the private sector for good, secure, long-term jobs, which are much in demand. She is right to say that other European countries have been way ahead of the UK in the past few years, but the level of ambition from this Government not only matches that among some of those European competitors but exceeds it.
Steve Witherden (Montgomeryshire and Glyndŵr) (Lab)
What discussions has the Secretary of State had with the workforce and their unions about this improved deal?
Jonathan Reynolds
The answer is a great many, as my hon. Friend will understand. I have always been conscious not just of the specific impact on the workforce at Port Talbot, but of the fact that some of the big industrial transitions of the past in the United Kingdom, in the north-east of England where I grew up, were not handled well. I think people recognise that. I thought that the previous Government’s levelling-up strategy was a recognition of the long-term damage that was done in the late ’80s and early ’90s by that transition. Getting that right, and showing the workforce that this is a Government who care, have always been paramount. I have been to Port Talbot several times. I last met the community reps a week ago, and was able to have frank conversations with them. In everything that I have said, and will continue to say, I recognise that we wish that we were in a position to do more, but within the parameters of what we had and where we almost were, in terms of the entire loss of the site, I am confident that this is the biggest improvement that was possible in two months. We will always work with them to ensure that we are getting everything that we can for the site.