Question to the Department for Business, Innovation, Science and Trade:
To ask His Majesty's Government what contribution will the British steel sector, including Speciality Steel UK, play in (1) delivering their Industrial Strategy, and (2) supporting growth in key sectors across the UK.
A strong British steel sector is fundamental to delivering the Industrial Strategy, strengthening national and economic security, and supporting growth in advanced manufacturing, clean energy, defence, infrastructure and digital technologies. Through the Steel Strategy, backed by up to £2.5 billion, the Government is working to rebuild the sector, attract investment, increase demand for UK-made steel and support clean, modern production. It is a major employer in one of the UK’s most deprived areas, and it occupies a unique place in our steel ecosystem. Working towards public acquisition will preserve strategic control and enable the Government to assess all credible future opportunities, including how SSUK’s specialist capabilities can support growth, skilled employment and resilient domestic supply chains.