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<p>We have taken steps to reduce the cumulative impact of energy and climate change
policies on industrial electricity prices for the steel sector and other key energy
intensive industries. This includes paying over £300m compensation to the steel sector
since 2013.</p><p> </p><p>We have a number of funds available, or in development,
that will help energy intensive industries, including steel, to increase energy efficiency
and transition to a low carbon future. These funds include the £315 million Industrial
Energy Transformation Fund, the Industrial Heat Recovery Support Programme and the
recently announced £250 million Clean Steel Fund.</p>
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