Written Question·Department for Business and Trade·UIN 122108

Iron and Steel: Manufacturing Industries

Tabled: 19 March 2026

Answered: 23 March 2026

Question

Dame Harriett Baldwin

To ask the Secretary of State for Business and Trade, what his planned upper limit is for (a) overall contributions and (b) annual contributions from the public purse for support for the UK steel industry.

Answer

Chris McDonald

The government is committed to providing up to £2.5 billion to support the UK steel industry, which is being delivered in part through the National Wealth Fund and in part through direct support for companies. This is in addition to the £500 million inves...

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