Written Question·Department for Business and Trade·UIN 98777

British Steel: Finance

Tabled: 10 December 2025

Answered: 16 December 2025

Named Day

Question

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

Chris McDonald

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...

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