British Steel: Finance
Commons · Question 98777 · Tabled 10 Dec 2025 · Department for Business and Trade · Official record
Answered 16 Dec 2025
Question
Asked by Dame Harriett Baldwin
To ask the Secretary of State for Business and Trade, what proportion of the £274 million funding provided to British Steel has been used to settle outstanding invoices owed to small and medium-sized enterprises in the supply chain; and what estimate he h
Answer
Answered by Chris McDonald, 16 Dec 2025
Revenue generated from sales funds the majority of British Steel's operating costs, with additional funding provided to British Steel under the provisions of the Steel Industry (Special Measures) Act to enable safe operation of its blast furnaces and rela...