British Steel: Finance

(asked on 1st July 2025) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, with reference to the Steel Industry (Special Measures) Act 2025 and the £94 million announced to save the Scunthorpe plant and British Steel, how much further funding has been provided to British Steel since this announcement; and whether that funding was in the form of (a) grants, (b) loans or (c) guarantees.


Answered by
Sarah Jones Portrait
Sarah Jones
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 4th July 2025

Funding of approximately £130m in total has been provided to British Steel to ensure continued operation of the blast furnaces.

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