British Steel: Finance

(asked on 7th July 2025) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, whether he has set a cap on the amount of funding he will allocate to the running of British Steel in the next three financial years.


Answered by
Sarah Jones Portrait
Sarah Jones
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 15th July 2025

Funding is provided to British Steel under the provisions of the Steel Industry (Special Measures) Act. This funding is intended to ensure the safe and continued operation of the blast furnaces. The intervention is a temporary measure and work is continuing to determine the best long-term sustainable future for the site.

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