Question to the Department for Business and Trade:

To ask His Majesty's Government what assessment they have made of private capital's willingness to invest in British Steel under the present ownership and control structure.

British Steel remains owned by Jingye and it would be inappropriate for HM Government to formally approach potential third-party investors in such circumstances. We are in discussions with Jingye to find a pragmatic, realistic solution for the future of the site and our long-term aspiration for the steel sector will require co-investment with the private sector.