British Steel: Finance
The question
To ask the Secretary of State for Business and Trade, whether he has set a cap on the amount of funding he will allocate to the running of British Steel in the next three financial years.
Answered by Sarah Jones
Funding is provided to British Steel under the provisions of the Steel Industry (Special Measures) Act. This funding is intended to ensure the safe and continued operation of the blast furnaces. The intervention is a temporary measure and work is continuing to determine the best long-term sustainable future for the site.
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