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

To ask His Majesty's Government what proportion of the budget for spending on UK steel in 2026–28 will form grants for new investments; and what proportion will be used to pay for losses, and to provide working capital.

The Government remains committed to supporting the UK steel industry, including through providing up to £2.5 billion to the sector. This is alongside existing commitments, including up to £500 million for Tata Steel’s transformation at Port Talbot and the Government’s ongoing intervention in British Steel.

The precise allocation of future funding, including the balance between investment, operational support and working capital, will be subject to appropriate due diligence and ministerial decisions, reflecting the circumstances of individual interventions.