Written Question·Department for Business and Trade·UIN 117920

British Steel: Finance

Tabled: 4 March 2026
Answered: 10 March 2026
Named Day

Question

Andrew Griffith

ConservativeArundel and South Downs

To ask the Secretary of State for Business and Trade, whether his Department has undertaken a value-for-money assessment of the £375 million capital allocation for British Steel included in the 2025–26 Supplementary Estimates.

Answer

Chris McDonald
The Steel Industry (Special Measures) Act is a temporary measure to ensure that critical steel facilities remain operational. The Government keeps BSL's financial position under constant review to protect taxpayers' interests while ensuring continuity of ...

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