Written Question·Department for Business and Trade·UIN 115724

Iron and Steel: Finance

Tabled: 24 February 2026

Answered: 2 March 2026

Named Day

Question

David Chadwick

Liberal Democrat — Brecon, Radnor and Cwm Tawe

To ask the Secretary of State for Business and Trade, with reference to his Department's press release entitled Business Secretary fortifies UK steel industry, published on 16 February 2026, how much of the £2.5 billion fund has been (a) allocated and (b)

Answer

Chris McDonald

The government is committed to providing up to £2.5 billon to support the UK steel industry, which is being delivered in part through the NWF and in part through direct support for companies. This is in addition to the £500 million investment for Tata Ste...

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