Iron and Steel: Manufacturing Industries

(asked on 20th July 2023) - View Source

Question to the Department for Business and Trade:

To ask His Majesty's Government, further to the Written Answer by The Earl of Minto on 18 July (HL9088), whether they will now answer the question which was asked.


Answered by
Earl of Minto Portrait
Earl of Minto
Minister of State (Ministry of Defence)
This question was answered on 31st July 2023

We do not collate information across government regarding the sums spent on supporting the steel industry in Wales.

We have provided £730mn in energy costs relief to the UK steel sector since 2013. However, we are unable to publish a breakdown of the value of energy intensive industry cost relief schemes to the steel sector in Wales. Doing so would be disclosive, enabling some companies or third parties to calculate how much support other companies have received. Steel companies in Wales will also benefit from the British Industry Supercharger measures to reduce energy costs for energy intensive industries.

As previously set out, industrial sectors, including the steel sector in Wales, have also been able to bid into Government funds worth hundreds of millions of pounds to support energy efficiency and de-carbonisation. For example, Cardiff-based Celsa Steel UK has been awarded grants totalling £5,295,451 from Phase 1 of the Industrial Energy Transformation Fund. Celsa has also successfully repaid a £30mn Government loan, which supported 1800 jobs.

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