UK Gov releases millions in new funding to protect Port Talbot steel supply chain and workers

The UK Government has announced the immediate release of £13.5 million in funding to support supply chain businesses and workers affected by Tata Steel’s decision to transition to greener steelmaking.

Richard Selby, director and co-founder, Pro Steel Engineering said: “We’re really pleased to see millions of pounds allocated to support Tata Steel’s workers and the wider supply chain as we positively move towards a greener way of steelmaking. As an organisation, we’re proudly one of more than 50 businesses who have signed a pledge to support any workers forced to leave their jobs in the steelworks, by providing practical support ranging from guaranteed interviews for anyone made redundant, to providing training and coaching.

“If anyone has been affected and would like support, please email us on info@prosteelengineering.co.uk .”

Welsh Secretary Jo Stevens made the announcement that the funding is the first release from the Tata Steel / Port Talbot Transition Board fund, which will support local businesses that are heavily reliant on Tata Steel as their primary customer, allowing them to turn towards new markets and customers where necessary.

Money will also be available to workers affected by the transition, helping them to find new jobs, access training and gain skills and qualifications in areas where there are vacancies.

Welsh Secretary Jo Stevens said:

Under this government the Transition Board has moved from discussion to delivery. Today’s release of an initial £13.5m in funding demonstrates that we will act decisively to support workers and businesses in Port Talbot, working with Welsh Government, unions and the wider community.

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 are also harnessing the generosity of the local community, with dozens of employers so far pledging practical support for workers. Steelmaking is the lifeblood of communities in Wales, but so too is the support of local businesses. What they are offering will make a real difference to suppliers and staff.

Business and Trade Secretary Jonathan Reynolds said:

This funding is an important step towards supporting workers affected by Tata Steel’s transition and businesses in the wider supply chain.

We’re working in partnership with trade unions and industry to secure a green steel transition that’s right for the economy, our talented workforce and local communities for generations to come, and our negotiations with Tata remain ongoing.

Full release can be read here