Question to the Department for Business and Trade:

To ask His Majesty's Government, with reference to HM Treasury: 2023 COVID-19 Cost Tracker update, published 20 July 2023, what is the current status of the measure 'last resort business interventions' (ID31); whether the £30 million loan issued to Celsa Steel (UK) under that measure has been fully repaid, partially repaid, written off, or otherwise resolved; and what is the final outturn lifetime cost of that intervention.

I can confirm that the £30m loan to Celsa Steel UK was fully repaid in 2023 with interest and in line with the Government’s terms and conditions. A written ministerial statement was made to Parliament on 23 June 2023 on the matter: https://questions-statements.parliament.uk/written-statements/detail/2023-06-26/hcws879.