Jonathan Reynolds

Jonathan Reynolds

Labour (Co-op) — Stalybridge and Hyde

Speaking in the House of Commons on 23 June 2025

Debate

UK Modern Industrial Strategy

Contribution

I thank the hon. Member very much for his work. I think the whole House knows of my personal interest in steel and the measures we have taken, including the recall of Parliament and the passing of the Steel Industry (Special Measures) Act 2025 that was required to save his constituents’ jobs. He is right that the investment required in some of the most electricity-intensive opportunities of the future—electric arc furnaces, for instance, were we to go down that route at Scunthorpe —requires the kind of programme that the enhanced supercharger level will get to because of the measures outlined in the strategy. There is not yet a plan for transition at Scunthorpe. As the hon. Member knows, we have taken control, but we need to resolve the issue of ownership. We continue to run the plant in a way that minimises losses to the taxpayer. That has meant putting more money in up front to run it at full capacity, which I think he will very much support. We will continue to work with anyone in the local area, including him and my hon. Friend the Member for Scunthorpe (Sir Nicholas Dakin), to ensure that there is a bright future for the steel sector. I believe that will be possible based on the policy environment we are putting in place.

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