Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, if he will publish (a) internal advice and (b) correspondence relating to the decision to not proceed with proposals to give businesses a cash grant for innovative steel projects.

We remain 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.

In February 2025, the UK government launched a "Plan for Steel" consultation to seek views on issues such as electricity costs, trade challenges, domestic demand, and funding. The forthcoming Steel Strategy will set out our response to those issues.