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British Steel
18 June 2026
Type
Written Ministerial Statement
Department
Department for Business and Trade
TAGS
At a Glance
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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Assessment & feedback
Summary accuracy