British Steel

Part of the debate – in the House of Commons at 12:40 pm on 21st May 2019.

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Photo of Andrew Stephenson Andrew Stephenson Assistant Whip, Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy) 12:40 pm, 21st May 2019

We have already provided £291 million in compensation to the steel sector since 2013, including £53 million in 2018, to make energy costs more competitive. I am particularly keen to see the steel sector benefit from the industrial energy transformation fund, which is backed by an additional £315 million of investment. I have already had discussions with UK Steel about how firms across the sector can make the most use of this transformative funding.