Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, with reference to the comments by the Minister for Industry to BBC News on 6 November 2025, how opportunities to provide support to the steel industry will be chosen.

This government remains committed to delivering up to £2.5bn for steel which is being delivered in part through the National Wealth Fund (NWF). This is in addition to £500m for the Tata Steel transformation project in Port Talbot.

The NWF has £5.8bn of capital to allocate across five clean energy and advanced manufacturing sectors, including steel. The NWF operates independently and is open to steel companies across the UK, offering a transparent and strategic route for investment that supports the government’s growth mission. We encourage any steel companies interested in seeking support to contact the NWF directly.