Redcar MP response to government offer of £300 million in British Steel support package

Responding to media reports that the government have agreed to provide a support package for British Steel worth more than £300 million, Labour and Co-operative MP for Redcar, Anna Turley, said:

“The government, the official receiver and the wider British Steel Support Group and the trade unions have been committed to leaving no stone unturned in the search for a buyer for British Steel. The priority has been finding a solution which guarantees a long term future for the business in its entirety and supports the wider British steel industry.

“I have been clear that government needed to step up and offer whatever financial and other support was required to pave the way for a successful deal and so this reported support package is welcome news. In 2015 when the SSI works in Redcar fell into liquidation government immediately stepped away, so I am relieved that lesson has been learned.

“We now need to ensure, at this crucial stage, that the expected deal is taken over the line and that it will lead to a positive outcome for the business, its workforce, and the wider industry.

“The details will be critical but I expect any company getting government support to have a strong proposal which will invest in the assets, provide good terms and conditions for the workforce, support training, research and development and be committed to the local communities in which they will be based. All of the members of the British Steel Support Group will be working to ensure this happens.”

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