Advanced

PARLIAMENTARY WRITTEN QUESTION
(5 December 2024)

Question Asked

To ask the Secretary of State for Business and Trade, whether he has made an estimate of the cost of nationalising the British Steel plant in Scunthorpe.

Asked by:
Llinos Medi (Plaid Cymru)

Answer

As part of the Government's responsible approach to policy and decision-making, we have considered the merits of nationalising British Steel and made an estimate of the cost. That estimate is confidential for commercial reasons. However, the Government has no plans to nationalise British Steel.

We are developing a steel strategy, working in partnership with trade unions and industry to grow the steel sector in the UK. This government has identified up to £2.5bn (on top of the £500mn secured for Port Talbot) to support the steel industry.


Answered by:
()

1 January 1970            

        

            
                            
                            
                        

                    


                                    

                    

                        

                    

                

            
                    

                                    

                

                    
Contains Parliamentary information licensed under the Open Parliament Licence v3.0.