British Steel: Nationalisation
2026-07-15 · Department for Business, Innovation, Science and Trade · HL2224 · Official question
Question
To ask His Majesty's Government what due diligence they conducted regarding the environmental, employee, trading, and general business liabilities of British Steel before acquisition.
Answer
The Government undertook proportionate due diligence before acquisition, drawing on information available through engagement with British Steel during the intervention under the Steel Industry (Special Measures) Act 2025. This included assessment of poten...