SSI

Sajid Javid Excerpts

Tuesday 13th October 2015 Written Statements

[The Secretary of State for Business, Innovation and Skills and President of the Board of Trade (Sajid Javid)]

Further to my statement yesterday, I want to update the House on matters relating to SSI UK in Redcar.

Yesterday afternoon, the official receiver, in his capacity as liquidator of SSI UK Ltd, announced that he had received no viable offers for the coke ovens and blast furnace following discussions with potential buyers and would therefore begin closing these facilities.

This is hugely regrettable news, for SSI workers, their families and the local economy more broadly. It is also a reflection of the current difficulties facing the steel industry.

The Government remain absolutely focused on supporting those who find themselves out of work as a result of SSI’s liquidation and, through a package of up to £80 million, will continue to invest in them and the future of the Tees Valley economy.

Safety is a top priority and we will continue to ensure the official receiver has all the funding and support necessary to deliver a safe and orderly closure of these assets, working with the Health and Safety Executive and Environment Agency.

Finally, I would like place on record my own thanks to all of those who have helped to operate SSI’s facilities safely during this particularly difficult period and are continuing to do so.

[HCWS234]