British Steel: Finance
The question
To ask the Secretary of State for Business and Trade, how much of the £274 million provided to British Steel was for (a) raw materials, (b) salaries, (c) energy costs and (d) payments to supply chain creditors.
Answered by Chris McDonald
To date, a total of £274 million has been provided to support British Steel’s operations, with £173 million allocated to raw materials, £47 million allocated to payroll, and £22 million allocated towards energy costs. The remaining amount represents various other essential business costs covering operating activities, including capital expenditure and operational expenditure. This will be reflected in the Department for Business and Trade’s accounts for 2025-26.
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