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Tata Steel

Department for Business, Innovation and Skills written question – answered on 7th June 2016.

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Photo of Lord Sharkey Lord Sharkey Liberal Democrat

To ask Her Majesty’s Government how much public funding was involved, and on what terms, in the purchase by Greybull Capital of Tata Steel’s Long Products Europe business.

Photo of Baroness Neville-Rolfe Baroness Neville-Rolfe The Parliamentary Under-Secretary of State for Culture, Media and Sport, The Parliamentary Under-Secretary of State for Business, Innovation and Skills

The transaction was a private commercial deal, supported by financing from commercial lenders. Her Majesty’s Government did not participate in the funding of the transaction.

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