Iron and Steel: Manufacturing Industries
(asked on 10th November 2025) - View Source
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, how much funding was allocated to the steel innovation grant scheme.
Answered by
Chris McDonald
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 18th November 2025
We are committed to providing up to £2.5bn for the steel sector, which is being delivered in part through the National Wealth Fund. The NWF has £5.8bn to invest across clean energy and advanced manufacturing sectors, including steel, and is engaging with firms on opportunities aligned with its investment principles.
No funding has been allocated to a competitive steel grant fund.