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<p>We have discussed the procurement of steel with the Department for Business, Energy
and Industrial Strategy, which has asked all Government departments to consider guidance
on steel procurement and to notify of any upcoming opportunities for industry.</p><p>More
broadly, the Government is committed to supporting the steel sector to realise the
broader commercial opportunities that are open to it, which could be worth an additional
£3.8 billion a year by 2030. We are establishing the Industrial Energy Transformation
Fund – backed by up to £315m of investment – to help businesses with high energy use
(including steel companies) to cut their bills and transition UK industry to a low
carbon future. We are also providing up to £66m through the Industrial Strategy Challenge
Fund to help steel and other foundation industries develop radical new technologies.</p>
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