Tata Steel: Port Talbot

(asked on 19th February 2024) - View Source

Question to the Department for Business and Trade:

To ask His Majesty's Government how they are intending to alleviate and assist with the impact of job losses caused by the closure of Port Talbot Steelworks.


Answered by
 Portrait
Lord Johnson of Lainston
Minister of State (Department for Business and Trade)
This question was answered on 4th March 2024

The Port Talbot steelworks are not closing. Tata Steel’s £1.25 billion transformation plan will see the UK Government providing a £500 million grant towards the joint investment, to build an Electric Arc Furnace at Port Talbot and ensure steelmaking continues into the future.

We are ensuring support for staff affected by the transition, working with Welsh Government and Tata Steel to provide up to £100 million of funding for a dedicated Transition Board, supporting impacted employees and the local economy. Tata has also announced that they will provide a £130 million comprehensive support package for affected employees.

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