Today I can confirm that on 15 August I announced the release of £13.5 million in funding to support supply chain businesses and individuals affected by Tata Steel’s decision to transition to greener steelmaking.
This initial tranche of £13.5 million in funding demonstrates that this Government will act decisively to support workers and businesses in Port Talbot, working with Welsh Government, unions, and the wider community.
This funding, which is the first release from the Tata Steel/Port Talbot Transition Board fund, will target local businesses that are heavily reliant on Tata Steel as their primary customer, allowing them to turn towards new markets and customers where necessary.
The funding will also be available to workers affected by the transition, allowing them to retrain or to learn new skills for the employment market. We are also harnessing the generosity of the local community, with 50 employers so far pledging practical support for affected workers.
Negotiations with Tata Steel on the future of the site will continue separately. But this Government will not wait for a crisis to overtake us before acting. We are putting a safety net in place now to ensure we can back workers and businesses, whatever happens.
We have reset our relationship with the Welsh Government and will continue to work closely with them and other partners to ensure we are delivering support on the ground.
Recognising the immediate need, support through the funds will be available imminently.
Businesses and individuals can register an interest or send any inquiries to an email address if interested—
tsukqueries@npt.gov.uk.
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