Iron and Steel: Finance
Commons · Question 6612 · Tabled 3 Jun 2026 · Department for Business and Trade · Official record
Answered 8 Jun 2026
Question
Asked by Ann Davies
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.
Answer
Answered by Chris McDonald, 8 Jun 2026
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 Wealt...