Question to the Department for Business and Trade:

To ask His Majesty's Government, of the additional expenditure on the steel industry announced by the Chancellor of the Exchequer on 11 June (HC Deb cols 980–81), how much will be spent in (1) Scunthorpe, (2) Sheffield, and (3) Port Talbot.

We are committed to providing up to £2.5bn for steel which is being delivered in part through the National Wealth Fund.

At the Spending Review, the Chancellor confirmed that we will invest in the long-term future of Scunthorpe. We have been clear that private investment to modernise British Steel will also be required and work continues at pace to develop the optimal approach. Funding of approximately £130m in total has been provided to British Steel to ensure continued operation of the blast furnaces.

In addition to the £2.5bn for steel, the Chancellor confirmed:

• A £400 million increase to the investment at Sheffield Forgemasters to expand capacity with a new machine shop to support work on the AUKUS submarine deal; and
• The £500 million grant for Tata Steel as part of the £1.25 billion investment to transform the Port Talbot site.