Treasury written question – answered at on 2 July 2026.
Ann Davies
Plaid Cymru, Caerfyrddin
To ask the Chancellor of the exchequer, pursuant to the answer of 23 June 2026 to question 11289, how many applications the National Wealth Fund has received from steel companies requesting investment from the Steel Fund (a) in total and (b) for steel sites in Wales; and much funding has been (i) requested and (ii) allocated.
Lucy Rigby
The Chief Secretary to the Treasury
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 (NWF), which aims 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. Businesses seeking the NWF’s finance or support from should contact them directly via their website:
https://www.nationalwealthfund.org.uk/contact-us
Yes1 person thinks so
No0 people think not
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
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