Written Question·Department for Business and Trade·UIN 17318

Iron and Steel: Subsidies

Tabled: 9 July 2026
Answered: 14 July 2026
Named Day

Question

Dame Harriett Baldwin

ConservativeWest Worcestershire

To ask the Secretary of State for Business and Trade, what estimate he has made of future operating subsidy requirements for publicly owned steel assets.

Answer

Chris McDonald
Generally, any financial assistance to public owned steel assets would, among other things, be time-limited, targeted and proportionate to the Government's objectives, and meet our responsibilities under subsidy control rules. The finances of Forgemasters...

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