The Government have supported the steel sector extensively, including providing over £500 million in recent years to help with the costs of energy. At the summer economic update, the Government announced an ambitious £3.05 billion package for housing decarbonisation designed to cut carbon, save people money and create jobs. Alongside that, our covid support package is still available to the sector to protect jobs and ensure that producers have the right support during this challenging time.
My constituency is home to Liberty Pressing Solutions, part of the Liberty Steel Group. The threat of the company’s collapse risks losing good, skilled, unionised jobs in Coventry and across the country. This would be a disaster for the city and for British manufacturing, so rather than waiting for the company to go bust before taking action, risking workers’ jobs, terms and conditions, will the Government step in now, with all options on the table, including bringing the business into public ownership, guaranteeing its future and retaining the skills we need to rebuild and to tackle the climate emergency?
It would not be appropriate for me to comment on the details of individual companies, due to commercial sensitivities. We are monitoring developments around Liberty and continue to engage closely with the company, the broader UK steel industry and trade unions. I recognise that reports around Liberty cause worry and uncertainty to the affected workers and their families. What I would say to the hon. Lady is that there is a lot of stuff that the Government are doing that will help her constituency. For instance, we are helping to create new green manufacturing jobs by providing support to drive the electrification of the UK automotive sector, supporting thousands of high-quality jobs in the west midlands.