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British Steel bailout costs could reach £1.5bn

The government’s support for British Steel is costing £1.2m per day, and the bailed-out company’s steel production has been behind target almost every week, a new report has revealed. The National Audit Office (NAO) has assessed the April 2025 takeover of the Scunthorpe steelworks site…

The post British Steel bailout costs could reach £1.5bn appeared first on Construction News.

The government’s support for British Steel is costing £1.2m per day, and the bailed-out company’s steel production has been behind target almost every week, a new report has revealed. The National Audit Office (NAO) has assessed the April 2025 takeover of the Scunthorpe steelworks site…

The post British Steel bailout costs could reach £1.5bn appeared first on Construction News.

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