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We have not made a specific assessment of the effect of higher electricity prices on the steel industry. The ability of our steel industry to compete globally and across Europe is a priority for this Government. We therefore provide electricity cost compensation and exemption support to maintain the UK’s reputation as an attractive location for these businesses. We also have a number of funds available, or in development, that support energy intensive industries, including steel, to help them increase energy efficiency and transition to a low carbon future. These funds include the £315 million Industrial Energy Transformation Fund, the Industrial Heat Recovery Support Programme and the recently announced £250 million Clean Steel Fund.