Written Question·Department for Business and Trade·UIN 117919

British Steel: Finance

Tabled: 4 March 2026

Answered: 9 March 2026

Named Day

Question

Andrew Griffith

To ask the Secretary of State for Business and Trade, pursuant to the 2025–26 Supplementary Estimates, for what specific purpose the £375 million increase in Capital DEL for British Steel will be used; and whether that funding will take the form of loans,

Answer

Chris McDonald

The additional £375 million Capital DEL allocated for British Steel Limited, as outlined in the Supplementary Estimates 2025-26, will be used to provide working capital and is recoverable as a debt owed to the Crown, specifically referenced in section 3(6...

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