The Scunthorpe plant of British Steel is set to receive a substantial boost with a £35 million rail contract, anticipated to create new local job opportunities. This contract constitutes part of a larger £400 million package of export agreements designed to elevate British business ventures. Lisa Coulson, British Steel’s chief commercial officer, voiced her gratitude for the government’s support, underlining the potential for further orders and job growth in Scunthorpe.
The contract’s focal point is the supply of products for the high-speed rail network in Turkey, set to be revealed by Sir Keir Starmer at the forthcoming G20 summit in Johannesburg. A similar agreement was put into place last year connecting multiple Turkish cities, signifying another triumph for British Steel, and emphasising its contribution towards sustainable rail infrastructure.
Earlier this year, the UK Government stepped in to ensure continued operations for the Scunthorpe plant, enacting emergency legislation to take charge and guide the future of the company. This strategic intervention has already garnered a considerable £500 million contract with Network Rail, strengthening the outlook for steel production in Lincolnshire.
This report was drawn from original reporting by the BBC.
