British Steel
Commons · Question 114527 · Tabled 20 Feb 2026 · Department for Business and Trade · Official record
Answered 26 Feb 2026
Question
Asked by Joshua Reynolds
To ask the Secretary of State for Business and Trade, how much and what proportion of the working capital funding provided to British Steel has been allocated to (a) raw materials, (b) salaries and (c) other operational costs.
Answer
Answered by Chris McDonald, 26 Feb 2026
From 12 April 2025, the date HMG passed the Steel Industry (Special Measures) Act, to 24 February 2026, DBT has provided approximately £370 million to BSL, to ensure sufficient working capital is maintained for the safe and effective operation of the Scun...