Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to negotiate a financial settlement with those banks in Thailand which have a controlling interest in the former SSI UK site to ensure redevelopment in a timely manner for the benefit of the local community.

My Rt Hon Friend the Secretary of State and I are committed to the future of the Redcar area following the closure of the SSI steelworks. I am pleased that we have recently had the opportunity to discuss this in depth with the hon Member for Redcar and the leader of Redcar and Cleveland Council, Sue Jeffrey.