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Written question asked by Lord Myners (Crossbench) on Wednesday, 1 May 2019, in the House of Lords. It was due for an answer on Thursday, 16 May 2019. It was answered by Lord Henley (Conservative) on Friday, 10 May 2019 on behalf of the Department for Business, Energy and Industrial Strategy.


British Steel: Loans

Question

To ask Her Majesty's Government whether they will publish the terms of their commercial loan to British Steel; and what consideration they have given to financing other companies in a similar position.

Answer

The terms of the commercial agreement between the Government and British Steel are set out in letters from the Permanent Secretary to the Department for Business, Energy and Industrial Strategy to the Chair of the Public Accounts Committee and the Comptroller & Auditor General, copies of which have been placed in the Libraries of both Houses.

The Government has been in regular communication with all EU ETS participants since November 2017 to notify of the risks associated with a no deal scenario. All UK installations met their 2018 obligations in full before the compliance deadline on the 30th April.


Secondary information

Type
Written question
Reference
HL15469
Session
2017-19
Related items
British Steel: Loans
Wednesday, 29 May 2019
Written questions
House of Lords
Subjects
British Steel EU emissions trading scheme Loans
Link
View this Written question on www.parliament.uk