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UK Steel responds to announcement of Government and Tata Steel funding agreement

Phil Black - PII Editor 17/10/2023

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UK Steel responds to announcement of Government and Tata Steel funding agreement

Following the announcement that the Government and Tata Steel have agreed a funding package of up to £500m, UK Steel Director General, Gareth Stace, said:

“This is an important day for the UK steel sector. Government has confirmed its firm and bold commitment to the future of steelmaking here in the UK.

“The UK steel industry is committed to decarbonising by 2035. A year ago, the UK steel sector published an ambitious roadmap to Net Zero. Today we take a significant step to realising that vision.

“A Net Zero economy needs more steel, not less. For our steel sector to not only survive but actually thrive and deliver a massive boost to Net Zero Britain, we need a strong, long-term partnership between government and industry. Today’s announcement confirms that commitment.”