Commons Sense

House of Commons · Written Ministerial Statement

British Steel

18 June 2026 · Department for Business and Trade

Proposed by Chris McDonald Lab Stockton North

Business & TradeEconomy

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

View on Parliament.uk

At a glance

Key points

  • Government plans to use powers in the Steel Industry (Nationalisation) Bill to potentially nationalise British Steel.
  • The bill has been passed by the House of Commons and is now before the House of Lords.
  • The statement updates on government funding and ongoing support for British Steel under special measures.

Issue summary

The statement addresses the ongoing support for British Steel under special measures and updates on government funding.

Action requested

The Government plans to use the powers in the Steel Industry (Nationalisation) Bill to potentially nationalise British Steel, contingent upon satisfying public interest criteria. This bill has been passed by the House of Commons and is now before the House of Lords.

Key facts

  • The Government committed to updating Parliament on British Steel every four sitting weeks during special measures under the Steel Industry (Special Measures) Act 2025.
  • Officials are providing on-site support in Scunthorpe for uninterrupted domestic steel production.
  • £555 million has been provided as working capital, covering raw materials and salaries.
  • The Steel Industry (Nationalisation) Bill has completed its passage in the House of Commons and is now before the House of Lords.
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