26 April 2024
Corporate News

Transition Board latest statement

Port Talbot

The Tata Steel / Port Talbot Transition Board met for the fifth time on 25 April 2024.

During the session, the Board received an update from Tata Steel UK executives on their decarbonisation plans at Port Talbot.   

Following this, a Local Economic Action Plan was presented to the Transition Board, which the Board endorsed as a broad road map, whilst also recognising the outstanding issues which need to be addressed, and discussed prioritisation of the proposed interventions.

The Board agreed that supporting affected employees to find new well-paid jobs will be its first priority.

They will also prioritise supporting businesses affected in the supply chain and recognised the importance of longer-term regeneration of the region

It was agreed that this plan, overseen by Neath Port Talbot Council, will be used as a basis for investment, subject to business cases being presented to the Board at subsequent meetings.  

 

The board:

 

Chair:

David TC Davies, Secretary of State for Wales

 

Deputy Chairs:

Jeremy Miles MS, Cabinet Secretary for Economy, Energy and Welsh Language

Felicity Buchan MP, Parliamentary Under Secretary of State, Department for Levelling Up, Housing and Communities attended in the place of the other Deputy Chair, Rt Hon Michael Gove MP, Secretary of State, Levelling Up

 

UK Government:

Alan Mak MP, Parliamentary Under Secretary of State jointly in the Department for Business and Trade and the Cabinet Office

 

Tata Steel:

Henrik Adam, Chair of Tata Steel UK; Rajesh Nair, Chief Executive Officer of Tata Steel UK

 

Neath Port Talbot County Borough Council: 

Karen Jones, CEO

Cllr Steve Hunt, Leader

 

Member of Parliament:

Stephen Kinnock, MP for Aberavon

 

Member of the Senedd:

David Rees, MS for Aberavon

Tom Giffard MS for the region of South Wales

Luke Fletcher MS for South Wales West

 

Independent business members: 

Anne Jessopp CBE, Royal Mint; Sarah Williams-Gardener, FinTech Wales;

Katherine Bennett CBE

 

Trade union representatives:

Rob Edwards, Regional Secretary, Community Union

Tom Hoyles, Politics, Press and Research, GMB Wales & South West

Jason Bartlett, Regional Officer, Unite Wales

Slab in hot mill

Notes to editors:

Tata Steel announced proposals in September to invest £1.25 billion, including a UK Government grant worth up to £500 million, to enable greener steel production at Port Talbot. A Transition Board to support the people, businesses and communities affected by the proposed transition to low-CO₂ steelmaking, was established in October 2023.  

The Transition Board will have access to up to £100 million to invest in skills and regeneration programmes for the local area. It will focus on:   

  • Immediate support for the people, businesses and communities directly affected by the proposed transition to low-CO₂ steelmaking at Port Talbot; and   

  • A plan for local regeneration and economic growth for the next decade.   

The Transition Board does not oversee the proposed £1.25bn investment in low-CO₂ steelmaking at Tata Steel UK. This is for the company to oversee with the Department for Business and Trade, UK Government.

 

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