The UK government has announced an additional 22 million pounds to support businesses and workers affected by the changes at the Tata Steel UK plant in Port Talbot, reaffirming its commitment to managing the social and economic impacts of the company's transition to low-carbon steel production.
The financing of the transitional council reaches 102 million pounds
Since July 2024, the Tata Steel/Port Talbot Transition Board has been established, which, in order to protect jobs and the local economy during Tata Steel's transition to low-carbon production, the company, chaired by Joe Stevens, Secretary of State for Wales, has already allocated 80 million pounds in government funding to areas identified as most in need
This support has enabled the financing of thousands of training courses for individuals and assisted nearly 200 businesses, enabling them to start or expand their operations, invest in new equipment, and diversify into new markets. According to the Government, the rapid allocation of funds has helped to stabilize the local economy. Taking into account the recently announced distribution, the total amount of support provided through the Transitional Council now stands at 102 million pounds.
The additional 22 million pounds is part of the UK government's broader commitment to the steel sector. The government has promised to allocate 2.5 billion pounds to support the long-term decarbonization and recovery of the UK steel industry, with a special strategy for the steel industry to be published in early 2026.
