Written Question·Department for Business and Trade·UIN 115645

Jingye Group: Compensation

Tabled: 24 February 2026

Answered: 2 March 2026

Named Day

Question

Andrew Griffith

To ask the Secretary of State for Business and Trade, what the value is of the financial support package being negotiated with the Jingye Group in relation to British Steel's operations in Scunthorpe.

Answer

Chris McDonald

We continue to work with Jingye to find a pragmatic and realistic solution for the future of British Steel. Upon the end of Government intervention under the Steel Industry (Special Measures) Act, a compensation scheme will be available to Jingye, which w...

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