Reports: Government prepares £600m green lifeline for UK's biggest steelmakers

Cecilia Keating
clock • 5 min read
Tata Steel's Port Talbot plant, photographed from the Aberavon beach | Credit: iStock
Image:

Tata Steel's Port Talbot plant, photographed from the Aberavon beach | Credit: iStock

Funds will reportedly be contingent on Jingye and Tata Steel retaining workers and moving away from traditional blast furnace operations

The government is poised to provide the UK's two largest steelmakers with £300m each in support so that the UK's most emissions-intensive steel sites can avoid financial collapse and fund the transition...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Infrastructure

Why does fossil diesel still dominate UK construction sites?

Why does fossil diesel still dominate UK construction sites?

Lower carbon fuels and clean technologies exist that can replace diesel fuel on building sites, but legacy contracts and procurement processes are holding back much-needed change, writes Syntech Biofuel CEO Tom Bingham

Tom Bingham, Syntech Biofuel
clock 17 March 2026 • 4 min read
UK Power Networks and Octopus Energy team up to fast-track Vehicle-to-Grid deployment

UK Power Networks and Octopus Energy team up to fast-track Vehicle-to-Grid deployment

Partners launch UK's first instant-approval process for connecting Vehicle-to-Grid chargers, in bid to speed up rollout of technologies that turn electric vehicles into 'mini power stations'

clock 13 March 2026 • 2 min read
Report: Light-touch measures could save Britain £3.8bn in grid constraint costs

Report: Light-touch measures could save Britain £3.8bn in grid constraint costs

Britain can reduce need to 'turn down' wind farms even as more renewables come online without need for major infrastructure upheavals, LCD Delta research finds

Michael Holder
clock 10 March 2026 • 4 min read