Tata Steel signs £500 million Grant Funding Agreement with UK ...
WEBSep 11, 2024 · Tata Steel announces that it has signed a £500 million Grant Funding Agreement with the UK Government allowing it to proceed at pace with the project to install a state-of-the-art Electric Arc Furnace at the Port Talbot steelworks in Wales.
Tata Steel: Thousands of workers at Britain's biggest ... - Sky News
WEBThousands of workers being made redundant at Britain's biggest steelworks will receive at least £20,000 under government intervention to reduce the fallout from the closure of its blast furnaces ...
'Most generous voluntary redundancy package ever' offered to ... - Sky News
WEBSep 11, 2024 · The Tata Steel site in Port Talbot is the UK's single biggest source of CO2 emissions and its closure will reduce the UK's overall CO2 emissions by around 1.5%. It is understood most job losses will have happened by Christmas, with the remaining redundancies taking place by March 2025. What is the government and Tata doing?
Tata ‘very close’ to securing £500mn of state aid for UK’s largest ...
WEBSep 10, 2024 · News of the Tata agreement comes amid concerns that British Steel — the UK’s second-biggest steelmaker, owned by China’s Jingye — is preparing to announce plans to close its blast furnaces...
Tata Steel: UK government confirms £500m subsidy - BBC News
WEBSep 11, 2024 · The UK government says it has reached a "new and improved deal" with Tata Steel, confirming it will give a £500m grant to the company. The money will go towards the cost of building a greener...
Tata Steel and the UK Government jointly agree on a proposal for …
WEBSep 15, 2023 · Tata Steel UK will soon commence consultation on the proposal and the transition period including potential deep restructuring for the carbon-intensive, unsustainable iron and steelmaking facilities at Port Talbot, where many of the existing ‘heavy end’ assets —such as blast furnaces and coke ovens—are reaching the end of …
Tata Steel: UK government set to agree £500m subsidy - BBC News
WEBSep 9, 2024 · Ministers are preparing to announce that an agreement has been reached to give Tata Steel a grant of £500m towards the cost of its electric arc furnace.
UK clears decks for GBP 500 mn grant for Tata Steel's Port Talbot ...
WEBSep 11, 2024 · In a statement, Tata Steel said that it has signed a 500 million pound Grant Funding Agreement (GFA) with the UK government, allowing it to “proceed at pace with the project to install a state-of-the-art electric arc furnace (EAF) at …
Tata Steel: Port Talbot steelworks gets £500m by UK government
WEBSep 15, 2023 · Port Talbot's steelworks will be given up to £500m by the UK government in a bid to keep the plant open and produce steel in a greener way, but it could see thousands lose their jobs.
Tata Steel announces next steps towards its ambitious …
WEBJan 19, 2024 · Tata Steel today announced it will commence statutory consultation as part of its plan to transform and restructure its UK business. This plan is intended to reverse more than a decade of losses and transition from the legacy blast furnaces to a more sustainable, green steel business.