Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will provide a timescale for the allocation of funding under the Clean Steel Fund.

In its response to the Call for Evidence on the Clean Steel Fund, the steel industry indicated a preference for the Fund to start in 2023.

The Government recognises the vital role that the sector plays in all areas of the UK and our economy and will continue to work with the sector to support its decarbonisation. The Department announced the Clean Steel Fund in 2019 and a number of options have been explored, together with ongoing feedback from industry.

In March 2021, the Government published the Industrial Decarbonisation Strategy in which we committed to working with the Steel Council to consider the implications of the recommendation of the Climate Change Committee to ‘set targets for ore-based steelmaking to reach near-zero emissions by 2035 and the business environment necessary to support the transition. We will provide further information in due course.