Grant Shapps, the business secretary, met senior Jingye Group executives on Wednesday to discuss its request for hundreds of millions of pounds of taxpayer funding, Sky News learns.
Grant Shapps, the business secretary, has held a further round of talks with the Chinese owner of British Steel as the spectre of redundancies looms over one of the UK's biggest industrial manufacturers.
It comes little more than a month since the newly appointed business secretary met Jingye chiefs amid suggestions that the Chinese group wants roughly £500m of taxpayer aid to avert the threat of blast furnace closures and mass redundancies at British Steel's Scunthorpe base. Such a move would entail as many as 2,000 redundancies at the company, dealing a blow to Britain's industrial manufacturing capability and the local economy.
Belgique Dernières Nouvelles, Belgique Actualités
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