Reports: British Steel inches closer to £600m bailout deal for Scunthorpe steelworks

Cecilia Keating
clock • 3 min read
Scunthorpe steelworks | Credit: iStock
Image:

Scunthorpe steelworks | Credit: iStock

Reports over weekend claim Labour government has 'signalled a new intent' to unlock investment in low carbon electric arc furnace production at British Steel site

British Steel is reportedly inching closer to a £600m bailout deal with the British government that would jumpstart the decarbonisation of its steelmaking operations in Scunthorpe. Over the weekend,...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Policy

Government warned it risks missing 'critical window' for meeting tree-planting goals

Government warned it risks missing 'critical window' for meeting tree-planting goals

New analysis warns tree-planting carried out over the next five years will play crucial role in meeting net zero by 2050 targets

James Murray
clock 12 January 2026 • 5 min read
Global Briefing: Saudi Arabia unveils heavily caveated new climate goals

Global Briefing: Saudi Arabia unveils heavily caveated new climate goals

Riyadh releases new Nationally Determined Contribution, Meta inks new nuclear deals, and Germany sets new renewables records

James Murray
clock 09 January 2026 • 7 min read
Protecting the environmental foundations of farming isn't separate from profitability - it's essential to it

Protecting the environmental foundations of farming isn't separate from profitability - it's essential to it

Environment Secretary Emma Reynolds speech to the 2026 Oxford Farming Conference

Emma Reynolds, MP
clock 08 January 2026 • 12 min read