Commenting on the news British Steel is entering insolvency, Hannah Essex, Co-executive director at the British Chambers of Commerce, said:
“Many Chamber businesses will be concerned about the potential impact of British Steel entering insolvency, particularly those in their supply chain who will be directly and deeply affected. The company’s operations are at the centre of many local communities, generating thousands of direct and indirect jobs. Failure to find a buyer would be devastating to many areas which rely so strongly on this industry. Small and medium-sized suppliers and contractors must be at the forefront of the Official Receiver’s mind throughout this process.”