Iron and Steel: Wales

(asked on 7th February 2024) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what recent representations she has received from the Welsh government on the future of the steel industry in Wales.


Answered by
Nusrat Ghani Portrait
Nusrat Ghani
This question was answered on 19th February 2024

Steelmaking remains a vital part of the Welsh economy and this Government is working tirelessly to secure a sustainable future for Port Talbot Steelworks. This deal delivers a £1.25 billion pound joint investment package with Tata, comprising of £500 million pounds from the UK Government.

The Welsh Government are not currently providing capital funding towards this project. The Transition Board; established to support affected employees and the local economy has up to £100m of funding. Over the last month, I have engaged with the Welsh government through the Transition Board and a ministerial call.

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