British Steel

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

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

I am grateful to the right hon. Lady, and it has been good to meet in Doncaster. It may seem a surprising place to meet, but it is quite convenient for both Scunthorpe and Teesside, as well as London, so that is where we start our week. The invitation to go to the right hon. Lady’s house is a very inviting one, which I am sure the support group will want to take up.

On the sector deal, we have made good progress, but all sector deals are about investment. It has been a feature of the steel industry in recent years that the investment in the future has not been at the level of some other industries where we have concluded deals—life sciences, automotive, aerospace and others. It is not in any sense that the talks have broken down; it requires investments to be made. I hope that, if there is to be a successful resolution for British Steel, that might provide the ability to do precisely that.