I thank my hon. Friend for that intervention. He is right, and it is a point I will come on to make. These are speciality steels, and we cannot afford to lose the capacity to make them.
There is a plan to save the plant. Community union and its consultants, Syndex, are calling for Tata to reinvest money from the sale of Cogent Power Inc in Canada into the Orb and for the UK Government to help by investing £30 million. That would be just a small proportion of the total the Government have awarded Jaguar Land Rover, which is owned by Tata, which has secured a £500 million loan guarantee to help the company sell electric vehicles.
We need concerted investment in the electric vehicle supply chain. Orb can be a vital cog in the wheel. It can be part of the infrastructure strategy that the Government alluded to in the Queen’s Speech. If we did that, we could save the only electrical steel plant in the UK, which could and should have a bright future as demand for electric vehicles is only set to grow. Labour has said that we will accelerate the electric vehicle revolution with 2.5 million interest-free loans for the purchase of electric vehicles, a new requirement for the Government car fleet to be 100% electric by 2025 and action on the private fleet.