UK Steel Industry Debate

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UK Steel Industry

Simon Hoare Excerpts
Monday 11th April 2016

(8 years, 1 month ago)

Commons Chamber
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Sajid Javid Portrait Sajid Javid
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The hon. Lady is absolutely right: this is a UK-wide problem. We have discussed Scotland and, of course, Wales, but it also affects south Yorkshire, Corby and many other parts of the UK so she is right to bring that to the attention of the House.

On co-investment, I said that to demonstrate that when I say that we will look at all options, we really will do so. It is possible—I do not know at this point, because the sale process has only just formally begun—that someone might come forward and ask for investment or funds from Government in lots of different ways. That has to be done on commercial terms, but that demonstrates how far the Government can go to make sure that this deal is successful.

Simon Hoare Portrait Simon Hoare (North Dorset) (Con)
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My right hon. Friend will be only too aware that customer confidence, which was mentioned by the hon. Member for Aberavon (Stephen Kinnock), is crucial. Will my right hon. Friend assure the House that he, his ministerial colleagues and officials are doing all that they can regarding existing customers for British steel to assure them entirely and conclusively that the British Government are committed to a long-term future for British-made steel in this country, and that they can feel safe and secure about placing future orders?

Sajid Javid Portrait Sajid Javid
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I can give my hon. Friend that assurance. He is absolutely right to point out the confidence that customers and, equally, the supply chain need. Suppliers need confidence that there is a long-term business, so we are working with both suppliers and customers to provide that reassurance.