Written Question·Department for Business and Trade·UIN 64032
British Steel: Finance
Tabled: 1 July 2025
Answered: 4 July 2025
Named DayQuestion
Dame Harriett Baldwin
Conservative — West Worcestershire
To ask the Secretary of State for Business and Trade, whether conditions were attached to the funding provided to British Steel to ensure (a) value for money and (b) long term sustainability.
Answer
Sarah JonesFunding is provided to British Steel under the provisions of the Steel Industry (Special Measures) Act. This funding is supported by wider powers under the Act to ensure it results in the safe and continued operation of steelmaking. All funding released t...
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