British Steel: Finance
Commons · Question 65564 · Tabled 7 Jul 2025 · Department for Business and Trade · Official record
Answered 15 Jul 2025
Question
Asked by Gregory Stafford
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.
Answer
Answered by Sarah Jones, 15 Jul 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 continui...