Asked by: Lord West of Spithead (Labour - Life peer)
Question to the Department for Business and Trade:
To ask His Majesty's Government what assessment they have made of whether the UK is a net exporter of enriched uranium; and what discussions they have had with the industry regarding growing external markets.
Answered by Lord Offord of Garvel - Parliamentary Under Secretary of State (Department for Business and Trade)
Urenco currently supplies around 30% of the global market with uranium enrichment services, a number which could rise in the coming years. Whether the UK is a net exporter at any given moment is subject to commercial agreements however the UK has the capability to supply a significant proportion of the global market.
HMG works closely with Urenco to explore opportunities globally and maintain their existing international contracts. HMG also works with Urenco to support investment into their UK facilities.
Asked by: Lord West of Spithead (Labour - Life peer)
Question to the Department for Business and Trade:
To ask His Majesty's Government whether the UK has a strategic need to maintain a steel industry; and if not, how it can ensure industrial resilience.
Answered by Lord Johnson of Lainston - Minister of State (Department for Business and Trade)
The UK steel industry not only underpins a range of domestic industries, it forms the core of some local communities and economies. The Government remains committed to a UK steel industry and a decarbonised future, supporting local economic growth and our levelling-up agenda.