Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what estimate his Department has made of the potential impact of public funding for the steel industry on levels of private-sector investment in that industry in each of the next five years.

The Government is developing a steel strategy, in partnership with the steel sector and trade unions, that will set out a long-term vision for steel and create opportunities for public and private investment.

We have committed to providing up to £2.5bn for steel which will be available through the National Wealth Fund and other routes. This is in addition to the £500m for Tata at Port Talbot steelworks. When designing how best to invest this money, we will consider a range of factors, including leveraging private sector investment and making the UK a great place to invest.