British Steel asks for loan after ‘Brexit-related issues’ hit
Beleaguered manufacturer British Steel is asking the government for financial assistance just weeks after receiving a £120m loan to help pay its EU carbon emissions bill.
The company said it needs the loan to combat “Brexit-related issues” with reports saying it will need £75m to enable it to continue trading.
The Department of Business, Energy and Industrial Strategy has made no comment, but the company and its lenders, which include PNC and ABN Amro banks, have asked for a cash injection from the division. Reports indica... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...