Question to the Department for Business and Trade:

To ask His Majesty's Government what is the estimated cost per job currently being supported through public funding of British Steel.

Steel is strategically important to the UK’s industrial base, the delivery of the Industrial Strategy and the maintenance of critical infrastructure. In April 2025, the Government we intervened introduced the Steel Industry (Special Measures) Act to avoid the premature and disorderly closure of the blast furnaces at British Steel and ensure uninterrupted steel production. The Act is a temporary measure to ensure that critical steel facilities remain operational. The passing of the Act, and use in relation to British Steel, does not itself establish any sort of precedent in UK company law. We continue to work with Jingye, the owner, to find a pragmatic and realistic solution to the future of British Steel.

The published impact assessment for the Special Measures Act considered the potential impact on the wider business community. It highlighted the exceptional nature of the intervention, which should limit any wider effect on investment. To date, DBT has provided approximately £370 million to British Steel, of this, £57 million (15%) was used for payroll costs, £104 million (28%) for other operational expenses, and £209 million (57%) for raw material purchases. This will be reflected in the Department for Business and Trade’s accounts for 2025-26.

The Government keeps British Steel’s financial position under constant review to protect taxpayers’ interests while ensuring continuity of safe and responsible operations. British Steel continues trading commercially and Government officials continue to provide on-site support in Scunthorpe monitoring, reviewing and scrutinising the use of taxpayer funds with robust financial governance in place.