Steel plants deal agreed between Scottish government and Liberty House

The “back to back” agreement, which was confirmed on Thursday morning, involves the Scottish Government buying the Clydebridge and Dalzell plants from Tata Steel, and immediately selling them on to Liberty.

The sale will be done under the same terms with no cost to the taxpayer.

Liberty will take responsibility for reopening, operating and investing in the two sites as part of its wider strategy to build an integrated and sustainable steel business across the UK.

Business minister Fergus Ewing said: “When Tata Steel mothballed the Dalzell and Clydebridge plants, I said we would leave no stone unturned in the quest to find an alternative buyer.

“That is why we established a Scottish steel taskforce and why I am delighted that our support for the steel industry has paid off.”

Scottish steel jobs saved as deal struck to reopen plants