New Clause 2 - Impact of financial assistance limits on the steel industry

Industry and Exports (Financial Assistance) Bill – in the House of Commons at 8:00 pm on 23 February 2026.

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Votes in this debate

“(1) No later than one year after this Act is passed, and annually thereafter, the Secretary of State must publish and lay before Parliament a report assessing the impact on the UK steel industry of the increases in the limit on selective financial assistance for industry and the commitment limits on financial assistance for exports and overseas investment for which this Act provides.

(2) A report under this section must include a statement of—

(a) the level of financial assistance provided in each month to UK steel undertakings under section 8 of the Industrial Development Act 1982 (as amended by this Act); and

(b) the number of UK-based full time equivalent jobs in the steel industry which, in the opinion of the Secretary of State, would have been lost had it not been for the increases in the limit on selective financial assistance for industry and the commitment limits on financial assistance for exports and overseas investment for which this Act provides.”—(Dame Harriett Baldwin.)

Brought up, and read the First time.

Question put, That the clause be read a Second time.

Division number 430 Industry and Exports (Financial Assistance) Bill Committee: New Clause 2

Aye: 155 MPs

No: 274 MPs

Aye: A-Z by last name

Tellers

No: A-Z by last name

Tellers

Abstained: 1 MP

Abstained: A-Z by last name

The Committee divided: Ayes 156, Noes 273.

Question accordingly negatived.

Clause

A parliamentary bill is divided into sections called clauses.

Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.

During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.

When a bill becomes an Act of Parliament, clauses become known as sections.

Secretary of State

Secretary of State was originally the title given to the two officials who conducted the Royal Correspondence under Elizabeth I. Now it is the title held by some of the more important Government Ministers, for example the Secretary of State for Foreign Affairs.

clause

A parliamentary bill is divided into sections called clauses.

Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.

During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.

When a bill becomes an Act of Parliament, clauses become known as sections.

teller

A person involved in the counting of votes. Derived from the word 'tallier', meaning one who kept a tally.

Division

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