Key facts
- The UK government has allocated an additional £22 million to support businesses and workers affected by Tata Steel's transition to greener steelmaking in Port Talbot.
- This brings the total UK government funding available through the Transition Board to £102 million.
- Tata Steel has contributed £20 million to the Transition Board's funds.
- The additional funding could support up to 1,000 more jobs in the local community.
- The Transition Board has funded thousands of training courses and supported nearly 200 businesses since July 2024.
- The UK government has pledged £2.5 billion to support the long-term decarbonisation of the UK steel industry.
The UK government has announced an additional £22 million in support for businesses and workers affected by changes at Tata Steel UK’s Port Talbot site, reinforcing its commitment to managing the social and economic impacts of the company’s transition to low-carbon steelmaking. This brings the total government funding available through the Tata Steel / Port Talbot Transition Board to £102 million, with Tata Steel contributing £20 million. Since July 2024, the Transition Board has already allocated £80 million in government funding, which has financed thousands of training courses for individuals and provided assistance to nearly 200 businesses to start or expand operations, invest in new equipment, and diversify into new markets. The government stated that the rapid deployment of funds has helped stabilize the local economy and ensured no increase in unemployment benefits take-up in the region. The additional £22 million will allow more applications for the Supply Chain, Business Start-Up, Resilience and Growth Funds into 2026. The UK government has also pledged £2.5 billion to support the long-term decarbonisation and rebuilding of the UK steel industry, with a dedicated Steel Strategy due to be published in early 2026.