Thousands of jobs saved and British Steel plant future secured after £500m Network Rail deal

A £500 million deal between Network Rail and British Steel will help save Scunthorpe’s steelworks.

The five-year agreement secures thousands of jobs by supplying over 330,000 tonnes of rail track. It follows emergency Government action to delay the closure of the site’s blast furnaces.

A £500 million deal between Network Rail and British Steel will help save Scunthorpe’s steelworks. | Design composite using Getty Images

Transport Secretary Heidi Alexander says the deal transforms British Steel’s future. She added: “This landmark contract truly transforms the outlook for British Steel and its dedicated workforce in Scunthorpe, building on its decades-long partnership with Network Rail to produce rail for Britain's railways.”

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