Written Question·Department for Business and Trade·UIN 118286
British Steel: Finance
Tabled: 5 March 2026
Answered: 10 March 2026
Named DayQuestion
Andrew Griffith
Conservative — Arundel and South Downs
To ask the Secretary of State for Business and Trade, which legal entity or entities are expected to receive the £375 million capital funding for British Steel included in the 2025–26 Supplementary Estimates.
Answer
Chris McDonaldThe £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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