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Birmingham Post
Birmingham Post
Business
Sion Barry

Cardiff-based Celsa Steel has repaid £30m UK Government Covid loan

the UK Government United Kingdom Covid-19 Cardiff

Cardiff-based recycled steelmaker Celsa Steel has repaid a £30m emergency loan from the UK Government provided during the pandemic.

The Catalan-owned business drew down the Covid support funding in 2020, which safeguarded 1,500 jobs and laid the platform to create a further 300 jobs.

While the terms of the Covid loan were not disclosed the UK Government said as well as being repaid in the full, the strong trading performance of Celsa has triggered a significant additional payment for the taxpayer.

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