Business
Liberty Steel boss asks government for £170m bailout – BBC News
Concerns over Liberty Steel’s future have grown after its key backer Greensill Capital went bust.
By Simon JackBusiness editor
image copyrightLiberty Steel
The owner of Liberty Steel has asked the government for £170m in financial support.
In a letter sent to the Department of Business last night, Sanjeev Gupta said the support was required to pay day-to-day operating expenses and absorb recent losses.
Concerns over the future of Liberty Steel have grown after key financial backer, Greensill Capital, went bust.
Liberty Steel employs about 5,000 people in the UK.
“The collapse of Greensill has…
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