British Steel: Nationalisation

(asked on 16th July 2026) - View Source

Question

To ask His Majesty's Government what plans they have to publish a business plan for British Steel.


Answered by
Lord Leong Portrait
Lord Leong
Parliamentary Under-Secretary of State (Department for Business, Innovation, Science and Trade)
This question was answered on 31st July 2026

As set out in the Written Ministerial Statement on 16 July 2026, the Government is putting in place a new Board of Directors for British Steel Limited, who will bring extensive commercial and industrial expertise to support the company and management in stabilising operations and moving the firm on from its current poor commercial position. The Board will be responsible for developing a plan to transform British Steel into a commercially and environmentally sustainable steelmaking enterprise. It will be the responsibility of the Board to determine if and when any strategic plans should be published.

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