Department for Business and Trade written question – answered at on 8 June 2026.
Ann Davies
Plaid Cymru, Caerfyrddin
To ask the Secretary of State for Business and Trade, what are the funding sources for the UK Steel Fund and how will funding be divided across these sources.
Chris McDonald
Parliamentary Under-Secretary of State (Department for Energy Security and Net Zero), Parliamentary Under-Secretary of State (Department for Business and Trade)
The Government is providing up to £2.5 billion to support the UK steel industry, in addition to the £500 million grant to Tata Steel at Port Talbot. This is being delivered through a combination of direct support for steel companies and the National Wealth Fund, which will aim to commit £5.8 billion to five priority sectors, including green steel. All funding is allocated on a case by case basis subject to scrutiny of individual propositions.
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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.
