Iron and Steel: Research

Treasury written question – answered on 13th February 2019.

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Photo of Nicholas Dakin Nicholas Dakin Opposition Whip (Commons)

To ask the Chancellor of the Exchequer, what plans his Department has made to support the Steel Industry once it loses access to the Research Fund for Coal and Steel as part of the UK's withdrawal from the EU.

Photo of Elizabeth Truss Elizabeth Truss The Chief Secretary to the Treasury

If the UK leaves with a withdrawal agreement, we will continue to participate in EU programmes, including the Research Fund for Coal and Steel, during the implementation period.

In the event the UK leaves the EU without an overall withdrawal agreement, the Government will guarantee the payment of awards for UK organisations which successfully bid directly to EU programmes, until the end of 2020, for the whole lifetime of projects agreed. This includes where a project continues beyond the end of 2020.

The Government is continuing to work with the steel sector, unions and Devolved Administrations to develop a long-term viable solution for the UK steel industry.

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