British Steel: Capital Investment

(asked on 28th August 2026) - View Source

Question to the Department for Business, Innovation, Science and Trade:

To ask the Secretary of State for Business, Innovation, Science and Trade, what estimate he has made of the capital investment required to place British Steel Limited on a commercially sustainable footing.


Answered by
Blair McDougall Portrait
Blair McDougall
Parliamentary Under-Secretary of State (Department for Business, Innovation, Science and Trade) (Jointly with the Department for Energy Security and Net Zero)
This question was answered on 11th September 2026

The Government has put in place a new Board of Directors who will be tasked with developing a plan to transform British Steel into a commercially and environmentally sustainable steelmaking enterprise. Ministers will consider these proposals in due course, including possible partnerships with the private sector. Delivering the best outcomes for taxpayers will remain a key priority for the Government.

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