Today (Thursday 25th April) the Tata Steel / Port Talbot Transition Board met to agree the way forward to release funds to help the thousands affected by Tata’s decision to move to greener steel-making at its Port Talbot plant.
The next steps will be to agree the detail behind each business case and release the UK Government’s and Tata Steel’s funds.
Chair of the Tata Steel / Port Talbot Transition Board and Secretary of State for Wales, David TC Davies said:
Tata Steel has confirmed it will proceed with its decision to move to greener steel-making. Of course this is an extremely concerning time for the workers and for the wider community.
The UK Government set up the Transition Board to help affected workers and met today in Port Talbot where partners agreed an overarching plan for how workers can best be supported.
Under the plans there will be funding for the retraining of steelworkers, support for businesses in the supply chain, and investment in regeneration projects in Port Talbot.
As soon as possible the Transition Board will move onto the next phase of our work and spend our £100m budget where we know it is needed.