Written question asked by Lord Myners (Crossbench) on Wednesday, 5 June 2019, in the House of Lords. It was due for an answer on Wednesday, 19 June 2019. It was answered by Lord Henley (Conservative) on Wednesday, 19 June 2019 on behalf of the Department for Business, Energy and Industrial Strategy.
British Steel: Insolvency
- Question
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To ask Her Majesty's Government when they estimate they will cease to provide financial support to British Steel; whether a specific event will trigger the end of that support; and whether that support will terminate when the Official Receiver has completed their work.
- Answer
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The immediate priority following the Official Receiver’s appointment as liquidator of British Steel Limited was to continue the safe operation of the sites while options are considered. To enable this, the Government has provided an indemnity to the Official Receiver, who is now responsible for the operations.
The Official Receiver is currently overseeing a sales process as they seek to sell the business. Trading will continue whilst a buyer is sought.
Secondary information
- Type
- Written question
- Reference
- HL16110
- Session
- 2017-19
- Subjects
- British Steel Insolvency Government assistance
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2019-06-19 12:41:11 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL16110
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL16110
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL16110