Tata Steel secures 'historic' £500m government aid package for Port Talbot green upgrade

Michael Holder
clock • 5 min read
Credit: iStock
Image:

Credit: iStock

But spectre of an estimated 3,000 job losses looms large over deal that is expected to unlock £1.25bn of investment in lower carbon electric arc furnace at the site

Tata Steel has secured £500m in backing from the government that is expected to unlock £1.25bn of investment in developing a new lower carbon electric arc furnace at its Port Talbot steelworks in South...

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

Michael Holder
Author spotlight

Michael Holder

Editor

View profile
More from Michael Holder

Where next for carbon removals? Understanding a market that could prove critical to net zero goals

IRENA: Global renewable power capacity surged by 15 per cent in 2024

More on Policy

Global Briefing: Far right group grabs control of EU climate policy response
Energy

Global Briefing: Far right group grabs control of EU climate policy response

European Parliament's Patriot's for Europe bloc secures key role in climate policy talks, China extends clean energy dominance, and US caterers embrace plant-based menus

James Murray
James Murray
clock 11 July 2025 • 6 min read
'Clarity is not the same as resolution': Energy experts divided on zonal pricing decision
Energy

'Clarity is not the same as resolution': Energy experts divided on zonal pricing decision

Some of the UK's leading energy companies have warmly welcomed the government's decision to reject plans for a zonal pricing regime, but others warn the government has missed a major opportunity to curb energy bills

James Murray
James Murray
clock 10 July 2025 • 10 min read
Zoned out: Has the government made the right decision on zonal pricing?
Energy

Zoned out: Has the government made the right decision on zonal pricing?

The government has rejected proposals for a zonal pricing regime, but without further reforms the challenges zonal pricing were meant to address will continue to hamper the clean energy transition

James Murray
James Murray
clock 10 July 2025 • 7 min read