Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, how much her Department has paid by way of financial assistance under section 8 of the Industrial Development Act 1982 in compensation for indirect costs associated with the (a) UK Emissions Trading System and (b) Carbon Emissions Tax and Carbon Price Support mechanism to (i) British Steel Ltd, (ii) Celsa Manufacturing UK Ltd, (iii) CF Fertilisers UK Ltd, (iv) DS Smith Paper Ltd, (v) Kimberly Clark Ltd, (vi) Outokumpu Stainless Ltd, (vii) Palm Paper Ltd, (viii) Runcorn MCP Ltd, (ix) SABIC UK Petrochemicals Ltd, (x) Tata Steel UK Ltd and (xi) UPM-Kymmene UK Ltd in each year since January 2021.

The total compensation these companies have received for indirect costs of the (a) UK Emissions Trading System and (b) Carbon Emissions Tax and Carbon Price Support mechanism is as follows: (i) Jan-2021 to March-2022: £165,174,750, (ii) April-2022 to March-2023: £ 114,934,773, (iii) April-2023 to present: £100,952,928.

We are unable to provide the spending for individual companies or under section 8 alone as this would lead to commercially sensitive information being released.