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<p>The Government has helped steel companies to reduce their costs through resource
and energy efficiency, including through a package of compensation and exemptions
from electricity costs, and has provided more than £560 million in support to the
UK steel industry since 2013.</p><p> </p><p>In addition, we have established an Industrial
Energy Transformation Fund, backed by up to £315 million of investment. This Fund
will help businesses, including steel companies, with high energy use in order to
cut their bills and transition the UK’s industry to a low carbon future.</p>
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