Labour will be the Party of climate justice and economic justice, with ambitious plans to support Britain’s manufacturers to “win the global race” to decarbonise. Labour would invest up to £3 billion over the coming decade to green the steel industry, working with steelmakers, to secure a proud future to match the proud past and present of Britain’s steel communities.
While Governments around the world are committing to their domestic industries with longterm strategic investment in green steel production, the Conservatives have failed to invest in the transition, have attempted to weaken safeguards that protected our steelmakers from being undercut by cheap steel imports, and have splashed tens of millions on imported steel to build British schools and hospitals.
Labour’s plan to back the industry would support businesses, workers, and unions together to put UK steel at the heart of our national industrial strategy.
The announcements to boost industry and tackle the climate crisis go hand in hand with Labour’s plan to invest in electric battery factories, charging infrastructure, and interest-free loans for low and middle-income households to boost car manufacturing create jobs, and make owning a zero-emission vehicle an option for all.