UK Allocates £13.5M for Tata Steel Transition

The UK government has announced an immediate release of £13.5 million to support businesses and workers affected by Tata Steel’s transition to greener production at its Port Talbot steelworks in South Wales. This funding is part of a larger £100 million fund aimed at aiding local enterprises and assisting employees in finding new jobs, obtaining training, and gaining necessary qualifications. Up to 2,800 jobs are expected to be cut as Tata Steel plans to shut down its second blast furnace by the end of September. More than 50 businesses have pledged to support impacted workers. Despite union opposition, this move is seen as a proactive measure to mitigate the economic impact on the community. Negotiations between the government and Tata Steel about the future of the site are ongoing.