Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what are the funding sources for the UK Steel Fund and how will funding be divided across these sources.

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, which will aim 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.