Written Question·Department for Business and Trade·UIN 98917
British Steel: Finance
Tabled: 10 December 2025
Answered: 15 December 2025
Named DayQuestion
Andrew Griffith
Conservative — Arundel and South Downs
To ask the Secretary of State for Business and Trade, whether the £274 million funding provided to British Steel has been allocated as (a) a grant, (b) a loan and (c) an equity injection; and what conditions regarding repayment have been attached to that
Answer
Chris McDonaldFunding is provided to British Steel under the provisions of the Steel Industry (Special Measures) Act, and is recoverable as a debt due to the Crown, as set out in section 3(6) of the Act. There are no conditions attached save the requirement for the fun...
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