British Steel: Finance

(asked on 10th December 2025) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, how much of the £274 million provided to British Steel was for (a) raw materials, (b) salaries, (c) energy costs and (d) payments to supply chain creditors.


Answered by
Chris McDonald Portrait
Chris McDonald
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 15th December 2025

To date, a total of £274 million has been provided to support British Steel’s operations, with £173 million allocated to raw materials, £47 million allocated to payroll, and £22 million allocated towards energy costs. The remaining amount represents various other essential business costs covering operating activities, including capital expenditure and operational expenditure. This will be reflected in the Department for Business and Trade’s accounts for 2025-26.

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