How Boris Johnson can revitalise the British steel industry

Hoping to revitalise and accelerate the British steel industry, New Deal For Steel restates the industry’s commitment to innovation and investment in the UK, and seeks to build a partnership with Government to deliver the right business environment, allowing the sector to grow and prosper.

As set out in the document, in order to make those vital investments for the future the steel sector is calling for six key actions from the Government:

1. Secure tariff free access to EU markets for UK steel, critically avoiding the imposition of EU steel safeguards on UK exports


2. Deliver competitive electricity prices for UK steel producers in line with those borne by our EU competitors


3. Incentivise investment via business rates re-structuring, including the removal of plant and machinery from valuations


4. Maximise the economic value to the UK of its public infrastructure investment, by taking a strategic approach to public procurement of steel


5. Boost UK steel R&D by using the £225 million in returned industry levies from the EU Research Fund for Coal and Steel


6. Work with industry to develop a more competitive climate change and carbon pricing policy

UK Steel www.makeuk.org/about/uk-steel