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Jingye Group: Compensation

Asked by Andrew GriffithConservativeDepartment for Business and TradeTabled Answered 2 March 2026UIN 115643

The question

To ask the Secretary of State for Business and Trade, what methodology will be used to determine the level of compensation available to Jingye following Royal Assent of the Steel Industry (Special Measures) Act 2025.

Answered by 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 would provide for an independent assessment to determine what amount of compensation, if any, is appropriate.

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