Written Question·Department for Business and Trade·UIN 49566

British Steel: Scunthorpe

Tabled: 30 April 2025
Answered: 12 May 2025

Question

Blake Stephenson

Conservative — Mid Bedfordshire

To ask the Secretary of State for Business and Trade, how much and what proportion of the funding for steel through the National Wealth Fund will be used to maintain steel production in Scunthorpe.

Answer

Gareth Thomas
The funding required to maintain iron and steel production at Scunthorpe will be drawn from the £2.5bn funding for steel, which is available through the National Wealth Fund and other routes. The National Wealth Fund is operationally independent, and fina...
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