We’re looking for supporting evidence to help us develop the detailed design of the fund, including on barriers to realising clean steel ambitions, and the opportunities to be gained in overcoming these.
The £250 million Clean Fund will support the UK steel sector to:
- transition to lower carbon iron and steel production through new technologies and processes, placing the sector on a pathway that is consistent with the UK Climate Change Act (net zero)
- maximise longevity and resilience in the UK steel sector by building on longstanding expertise and skills and harnessing clean growth opportunities
We also intend to establish a new £100 million Low Carbon Hydrogen Production Fund, to support the deployment of low carbon hydrogen production at scale. This could enable a pathway to lower carbon steel production and support broader efforts to decarbonise industry.