Port Talbot Steelworks
Debate between Baroness Gale and Lord Harlech
Lord Harlech (Con)
My Lords, I thank the noble Baroness for her question. In addition to the £100 million funding for the Port Talbot transition board, £15 million is being put towards the regeneration of Port Talbot town centre, with improvements to the civic square, the refurbishment of the Princess Royal Theatre and improvements to green space. Seed funding of £26 million for the Celtic freeport will support regeneration of local communities by attracting new businesses, jobs and investments, and we are investing £790 million in city and growth deals across Wales, including the Swansea Bay city deal, which is building on the region’s strengths in the areas of life sciences, energy and manufacturing.
Baroness Gale (Lab)
My Lords, as others have said, this will have a devastating impact on the south Wales community. It reminds me of the 1980s when the pits were closed; south Wales valleys were devastated and never recovered. I hope that that is not going to happen in Port Talbot. As the UK will now become the only country in the G20 to leave itself without the capacity to make virgin steel, how does the Minister feel about the legacy of this Government in making the UK reliant on foreign imports? What discussions has he had with the Welsh Government? Could he give us a report on them and are they ongoing?
Lord Harlech (Con)
My Lords, the noble Baroness asked a range of questions. What came through was her passion, which I think everyone involved in this Question shares, that these jobs and the steelworks are part of the community—it is an identity, not simply a job, and we feel that deeply. I am afraid to say that the Welsh Government have not offered financial support towards this transition. However, we are doing everything we can to create new jobs for the ones that have been lost. Without our investments, there was a threat that all jobs within TATA, not just those in south Wales, could have left the UK.
The noble Baroness also asked me about virgin steel. We have heard these arguments. We are ensuring that the UK, by moving to green steel, will be less dependent on international supply chains. By moving to green steel—electric arc furnace steel—we are securing the future of UK steel capability and our economic and national security.