Tata Steel workers and suppliers receive 13.5 million in emergency funding amid Port Talbot restructuring

The UK government's emergency funding of £13.5 million aims to support supply chain businesses and workers affected by Tata Steel's planned restructuring at Port Talbot.

This transition to electric arc furnaces is expected to lower carbon emissions but may result in the loss of approximately 2,800 jobs in the region.

Jo Stevens, the Welsh Secretary, highlighted the aim of the funding to prevent the mass redundancies witnessed historically in the steel industry.

The allocation of £100 million, co-led by unions, will focus on skills development and local regeneration, providing crucial support for communities affected.

Read at Business Matters