To ask the Secretary of State for Business, Energy and Industrial Strategy, what progress he has made in implementing the Clean Steel Fund.
In August 2019, the Government announced a £250 million Clean Steel Fund to support the UK steel sector to transition to lower carbon iron and steel production, through investment in new technologies and processes. The Fund will help the sector towards achieving our target of net zero emissions by 2050 , by maximising longevity and resilience while harnessing clean growth opportunities.
Steel industry stakeholders provided positive responses to our recent Call for Evidence, which closed in November 2019. The Department is currently analysing responses to inform the scheme’s design, and as we develop the scheme, we will continue to engage closely with the sector to ensure that it meets the needs of businesses.