<-- Back to proposed bills
British Steel
26 March 2026
Type
Written Ministerial Statement
Department
Department for Business and Trade
At a Glance
Issue Summary
The statement provides an update on British Steel's ongoing special measures and funding situation under the Steel Industry (Special Measures) Act 2025.
Action Requested
No specific action is requested; the Government will continue to support British Steel, monitor operations, and work with Jingye for a future solution. The sale of Liberty Pipes Hartlepool site to Corinth Pipeworks is noted as a commercial transaction without government involvement.
Key Facts
- The Government committed to updating Parliament every four sitting weeks on British Steel's status.
- Government officials are providing on-site support in Scunthorpe to maintain safe operations and monitor use of taxpayer funds.
- To date, £419 million has been provided for working capital from existing budgets.
- Jingye is being worked with to find a realistic solution for the site's future.
- Liberty Pipes Hartlepool was sold commercially to Corinth Pipeworks.
▸
Assessment & feedback
Summary accuracy