Planned steel investment grants will no longer go ahead
The government says it wants to "create a competitive business environment" for the steel industry by helping the nation's remaining steelworks become profitable businesses.
But a competition that would have awarded grants for new ideas will not go ahead after a decision was made to prioritise supporting loss-making steelworks instead.
Ministers insist they will stick to a manifesto pledge to spend £2.5bn on the steel industry - and there will be alternative ways for businesses to access funding.
Government plans to give businesses a cash grant for innovative new steel projects have been abandoned.
The Department for Business and Trade (DBT) had hoped to officially announce that plan when it publishes the government's st
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