Question to the Department for Business and Trade:

To ask His Majesty's Government what is the budget for payments to Scunthorpe steelmaking in 2026–27.

Budgets for British Steel are subject to the usual government approvals processes and ministerial decisions. The need for HMG support is kept under constant review and all efforts are being made to secure a viable future for the company. All support for British Steel has been drawn from existing HMG budgets, with no additional borrowing required.

To date, we have provided approximately £504 million for working capital, covering items such as raw materials and salaries. This will be reflected in the Department for Business and Trade’s accounts for both 2025-26 and 2026-27.