Written Question·Department for Business and Trade·UIN 118285

British Steel: Finance

Tabled: 5 March 2026

Answered: 10 March 2026

Named Day

Question

Andrew Griffith

To ask the Secretary of State for Business and Trade, what conditions or requirements are attached to the £375 million capital allocation relating to British Steel included in the 2025–26 Supplementary Estimates; and whether he expects the funding to be r

Answer

Chris McDonald

The £375 million capital allocation for British Steel Limited is recoverable as a debt owed to the Crown. The sole stipulation for this funding is that it must be used strictly for the purposes established in the legislation. Recoverability of this debt w...

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