Commons Sense

House of Commons · Written Ministerial Statement

British Steel

26 February 2026 · Department for Business and Trade

Proposed by Chris McDonald Lab Stockton North

Business & Trade

Summarised by AI from the official record, so it can contain mistakes.

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At a glance

Key points

  • Chris McDonald updates Parliament on the status of British Steel under special measures.
  • The Government supports British Steel operationally and provides ongoing financial support.
  • Work with Jingye continues to find a long-term solution for British Steel.

Issue summary

Chris McDonald (Labour) is updating Parliament on the current status of British Steel under special measures and providing information on government funding.

Action requested

The Government continues to support British Steel operationally, provides ongoing financial support within existing budgets, and works with Jingye to find a long-term solution. Once a viable plan is established, directions will be terminated, and the future of the legislation will be assessed.

Key facts

  • The Government committed to updating Parliament every four sitting weeks during special measures under the Steel Industry (Special Measures) Act 2025.
  • As of now, approximately £370 million has been provided for working capital at British Steel.
  • Government officials are providing on-site support in Scunthorpe to ensure uninterrupted production and monitor taxpayer funding use.
  • The Impact Assessment relating to the Steel Industry (Special Measures) Act 2025 was published on 22 January, focusing on preventing unmanaged closures of major UK steel assets leading to irreversible loss of domestic capability.
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