Written question asked by Lord Redwood (Conservative) on Thursday, 16 July 2026, in the House of Lords. It was due for an answer on Thursday, 30 July 2026. It was answered by Lord Leong (Labour) on Wednesday, 29 July 2026 on behalf of the Department for Business, Innovation, Science and Trade.

British Steel: Nationalisation

Question: To ask His Majesty's Government what due diligence they conducted regarding the environmental, employee, trading, and general business liabilities of British Steel before acquisition.

Answer: The Government undertook proportionate due diligence before acquisition, drawing on information available through engagement with British Steel during the intervention under the Steel Industry (Special Measures) Act 2025. This included assessment of potential environmental liabilities, consideration of employee-related obligations and potential liabilities, and general business liabilities. The extent of some liabilities will depend on the future operational plans for the site. The Government's assessment, based on the relevant factors including cost considerations, is that it is necessary in the public interest to nationalise British Steel Limited.

Secondary information