Department for Business and Trade written question – answered at on 2 March 2026.
Andrew Griffith
Shadow Secretary of State for Business and Trade
To ask the Secretary of State for Business and Trade, what methodology will be used to determine the level of compensation available to Jingye following Royal Assent of the Steel Industry (Special Measures) Act 2025.
Andrew Griffith
Shadow Secretary of State for Business and Trade
To ask the Secretary of State for Business and Trade, what meetings his Department has had with Jingye on compensation for British Steel.
Andrew Griffith
Shadow Secretary of State for Business and Trade
To ask the Secretary of State for Business and Trade, what the value is of the financial support package being negotiated with the Jingye Group in relation to British Steel's operations in Scunthorpe.
Chris McDonald
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero), Parliamentary Under Secretary of State (Department for Business and Trade)
We continue to work with Jingye to find a pragmatic and realistic solution for the future of British Steel. Upon the end of Government Intervention under the Steel Industry (Special Measures) Act, a compensation scheme will be available to Jingye, which would provide for an independent assessment to determine what amount of compensation, if any, is appropriate.
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