British Steel

Part of the debate – in the House of Commons at 1:05 pm on 24th July 2019.

Alert me about debates like this

Photo of Greg Clark Greg Clark The Secretary of State for Business, Energy and Industrial Strategy 1:05 pm, 24th July 2019

The hon. Gentleman makes an excellent point. Improving the access to and availability of patient capital in this country is a focus through the industrial strategy and some of the work that the Treasury is doing, but there is more work to be done. He is right—a long-term owner of British Steel needs to have the patience required in an industry that is, and always has been, subject to the ups and downs of the economic cycle and sometimes conditions in international trade. It is often not the most stable of industries, and as I think he would agree, any owner needs to be resilient to that.