The Department told us that it had requested updates on when a decision would be made about accrediting Greensill so that it could decide whether it needed to create a “separate bespoke solution … [if] the process was ultimately going to end in a no”.31 It explained that its interest was because Greensill was a major financier to Liberty Steel which is part of the GFG Alliance and the UK’s third-largest steel manufacturer.32 The Department told us that its steel team was having “very active l...

The Department told us that it had requested updates on when a decision would be made about accrediting Greensill so that it could decide whether it needed to create a “separate bespoke solution … [if] the process was ultimately going to end in a no”.31 It explained that its interest was because Greensill was a major financier to Liberty Steel which is part of the GFG Alliance and the UK’s third-largest steel manufacturer.32 The Department told us that its steel team was having “very active live discussions” with Liberty Steel, together with a whole range of other steel companies, as Liberty Steel was experiencing financial difficulties cause Type: conclusion | Number: 12 | Response status: not_addressed