Tata Steel: Port Talbot

Lord Anderson of Swansea Excerpts

Wednesday 7th February 2024 Lords Chamber

[Lord Anderson of Swansea (Lab)]

My Lords, the Minister must know that the economy of the Swansea Bay City Region is heavily dependent, directly and indirectly, on this giant steelworks, which I can see from my home in Swansea. Has it not been clear for some time that there has been a major threat to it? Why did the Government not earlier set up such a fund as they now have, to steer creatively private industry to the area, or relocate government departments, as the previous Labour Government did so well with the DVLA at Morriston?

[Baroness Swinburne (Con)]

I can tell the noble Lord that, more broadly, the UK Government have provided substantial support for the economy of Port Talbot and south Wales, with further projects being developed. This includes the development of the Celtic Freeport in Port Talbot and Milford Haven, backed by up to £26 million of UK government funding, which will focus on low-carbon technologies. It aims to create 16,000 jobs by mid-2030. The Celtic Sea is also the prime location for the floating offshore wind centre that is being planned, which will also bring several thousand jobs. Meanwhile, the Swansea Bay city deal, which covers the Port Talbot area, is in the process of delivering a number of exciting developments across the region.