Tata ‘very close’ to securing £500mn of state aid for UK’s largest ...
WEBSep 10, 2024 · India’s Tata Group said it was “very close” to a deal that will release £500mn of UK taxpayers’ money to support greener steelmaking at its main British plant, in the first test of Labour’s...
Tata Steel signs £500 million Grant Funding Agreement with UK ...
WEBSep 11, 2024 · About Tata Steel UK. The Tata Steel Group has been named one of the most ethical companies in the world and is among the top producing global steel companies with an annual crude steel capacity of 34 million tonnes. Tata Steel in the UK has the ambition to produce net-zero steel by 2045 at the latest, and …
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 confirms £500m subsidy - BBC
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...
'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 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.
Government closes in on £500m deal with Tata Steel to ... - Sky News
WEBSep 13, 2023 · Whitehall officials and Britain’s biggest steel producer are hopeful of concluding talks on a taxpayer aid package within days, Sky News learns.
Government in advanced talks over £500m Tata Steel aid package - Sky News
WEBSep 2, 2023 · The government is in advanced talks with Britain's biggest steel producer to hand over a £500m aid package aimed at securing the long-term future of steelmaking in South Wales. Sky News can ...
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.
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 …
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