Global Trade Alert
Global Trade Alert

United Kingdom: Approves loan to British Steel to cover emission allowances purchases

Announcement

01 May 2019

In May 2019, the UK government announced approving a loan to British Steel to cover the company's cost of emission allowances necessary fulfil its obligations under the EU's Emissions Trading Scheme (ETS).

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 May 2019

Revocation date:

No revocation date

Updated: 01 May 2019
State loan In force

On 1 May 2019, the Department for Business, Energy & Industrial Strategy announced the approval of a bridge facility to British steel having a seven per cent interest rate. The financ...

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