Sanjeev Gupta urgently seeking support for his 3,000-staff firm after collapse of Greensill Capital, a key backer
Concerns for the future of Liberty Steel and its 3,000 UK workers have grown after the government rejected its parent company’s plea for a £170m rescue loan.
The rejection has added to the pressure on Liberty Steel, part of the business empire built up by the industrialist Sanjeev Gupta. Gupta has been urgently seeking extra funding for the business in the three weeks since the collapse of a key financial backer, Greensill Capital.
