Jingye Group: Compensation
(asked on 24th February 2026) - View Source
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what the value is of the financial support package being negotiated with the Jingye Group in relation to British Steel's operations in Scunthorpe.
Answered by
Chris McDonald
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 2nd March 2026
We continue to work with Jingye to find a pragmatic and realistic solution for the future of British Steel. Upon the end of Government intervention under the Steel Industry (Special Measures) Act, a compensation scheme will be available to Jingye, which would provide for an independent assessment to determine what amount of compensation, if any, is appropriate.