Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what her timeframe is for the establishment of the Clean Steel Fund; and if she will make a statement.
The Government recognises the vital role that the steel sector plays across the UK economy. We will continue to work with the sector to support its decarbonisation efforts and we have already established various funding schemes such as the Industrial Energy Transformation Fund (IETF) and the Industrial Decarbonisation and Hydrogen Revenue Support (IDHRS) in this regard.
A decision on the Clean Steel Fund has not yet been taken as we are continuing to work with the sector to understand its decarbonisation investment plans.