Creating a Clean Steel Fund: call for evidence

Overview

We’re seeking views on the £250 million Clean Steel Fund, which will support the UK steel sector to move to a decarbonisation pathway compatible with net zero.

Why your views matter

The call for evidence focuses on two central themes that will help us to develop the detailed design of the fund:

• transitioning to lower carbon iron and steel production through new technologies and processes, placing the sector on a pathway that is consistent with the UK Climate Change Act (net zero)
• maximising longevity and resilience in the UK steel sector by building on longstanding expertise and skills and harnessing clean growth opportunities

We also intend to establish a new £100 million Low Carbon Hydrogen Production Fund, to support the deployment of low carbon hydrogen production at scale. This could enable a pathway to lower carbon steel production and support broader efforts to decarbonise industry.