Written Question·Department for Business and Trade·UIN 114527

British Steel

Tabled: 20 February 2026

Answered: 26 February 2026

Question

Mr 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

Chris McDonald

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...

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