Written Question·Department for Business and Trade·UIN 17393

Iron and Steel: Manufacturing Industries

Tabled: 2 December 2024

Answered: 6 December 2024

Named Day

Question

Alison Griffiths

Conservative — Bognor Regis and Littlehampton

To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of the Autumn Budget 2024 on the steel sector.

Answer

Sarah Jones

The Budget has made a positive impact on the steel sector by confirming the funding required for work to begin on the new Electric Arc Furnace at Port Talbot. This £500 million grant not only secures the future of steelmaking in south Wales and up to 5,00...

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