£135m emergency funding to support Tata Steelworkers and supply chain
Steelworkers and supply chain get £135m in funding
The UK government has announced the release of £135 million in emergency funding to support steelworkers and the supply chain affected by restructuring plans at Tata Steel's Port Talbot plant.
Funding will help workers and firms affected by restructuring plans at Tatas Port
The funding is part of a £100 million fund announced last year after Tata confirmed it was ending steelmaking at its Port Talbot plant.
The first tranche of the funding will be used to provide training and support to workers who are affected by the restructuring plans.
- The funding will also be used to support businesses in the supply chain that are affected by the restructuring plans.
- The funding will be used to provide training and support to workers who are affected by the restructuring plans.
The UK government said the funding will help to support the transition of the steel industry in Port Talbot and help to protect jobs in the area.
The funding is part of a wider package of support for the steel industry that the UK government has announced in recent months.
In July, the government announced a £1 billion support package for the steel industry.
The package included a £200 million fund to help steelmakers invest in new technology and a £500 million loan guarantee scheme to help steelmakers access finance.
The government also said it would work with the steel industry to develop a long-term plan for the future of the industry.
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