UK Government Funding for Green Steelmaking and Supply Chain Support
Introduction
The UK government has announced funding to support the steel industry's transition to greener steelmaking and assist businesses and workers impacted by the changes.
Tata Steel UK's Green Steelmaking Transition
Tata Steel UK is transitioning to greener steelmaking, which involves closing its two blast furnaces at Port Talbot and moving to greener forms of steel production. Up to 2,800 jobs are at risk as part of this plan. Tata has stated that the blast furnace operation was incurring losses of £1 million a day.
Government Funding for Green Steelmaking
The UK government has announced £135 million in funding to assist businesses and workers impacted by Tata Steel UK's transition. This funding will support the development of new green steelmaking technologies and provide support for workers affected by job losses.
Supply Chain Support
The UK government has also announced £135 million in emergency funding to support supply chain businesses and workers affected by the transition to greener steelmaking. This funding will provide grants and loans to businesses to help them adapt to the changes and support workers who may lose their jobs.
Eligibility for Funding
Businesses and workers in the steel supply chain who have been impacted by the transition to greener steelmaking are eligible for funding. This includes businesses that supply goods or services to Tata Steel UK and workers who have been laid off or are at risk of being laid off.
Conclusion
The UK government's funding for green steelmaking and supply chain support will help the steel industry transition to a more sustainable future. This funding will support the development of new technologies, assist businesses and workers impacted by the changes, and ensure that the UK remains a competitive player in the global steel market.
Additional Resources
* [Tata Steel UK's Green Steelmaking Transition](https://www.tatasteeleurope.com/media/news-press-releases/2023/tata-steel-uk-to-transition-to-greener-steelmaking-and-secure-future-of-uk-steelmaking#:~:text=Tata%20Steel%20UK%20today%20(17,the%20future%20of%20UK%20steelmaking.) * [UK Government Announces £135m Funding for Green Steelmaking and Supply Chain Support](https://www.gov.uk/government/news/government-announces-135-million-funding-for-green-steelmaking-and-supply-chain-support) * [Greener Steelmaking: What You Need to Know](https://www.worldsteel.org/en/news/stories/greener-steelmaking-what-you-need-to-know.html)
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