The Secretary of State for Wales, Rt Hon MP, in her role as Chair of the Transition Board
sought endorsement from the Board for three regeneration
projects, which will be supported with over £21.2million of
Transition Board funding. These projects include:
- Advanced Manufacturing Production Facility/National Net Zero
Centre of Excellence
- Redevelopment of business premises at Metal Box and
Sandfields Business Centre
Today's release of money is the sixth announcement from the UK
Government's £80m Tata Steel / Port Talbot Transition Board fund
and should support over 270 jobs and add a total of over £119m
Gross Value Added to the local economy over the next decade. This
latest major investment means more than £70 million has been
announced by the Transition Board in the last nine months.
Investment from the Transition Board compliments UK Government's
action to secure new trade deals with the US and India, including
seeking agreement to eradicate tariffs on core steel products
imported into the US. This will protect tens of millions of
pounds worth of steel exports from Wales every year.
The Board also received updates on:
- Tata Steel UK's decarbonisation programme;
- The Department of Business and Trade's plans for a steel
strategy;
- Mental health and well-being interventions;
- The Transition Board funds that have already been announced,
including applications received for the Supply Chain fund, and
support being provided from the Employment and Skills fund.
Those in attendance included: Rt Hon MP, Secretary of State for Wales; MS, Cabinet Secretary for
Economy, Energy & Planning in the Welsh Government; Cllr Alun
Llewelyn, Deputy Leader of Neath Port Talbot Council; Frances
O'Brien, CEO of Neath Port Talbot Council; , MP for Aberafan Maesteg;
, MS for Aberavon; Anne Jessopp
CBE & Katherine Bennett CBE, independent members of the
Board; , National Officer for Steel
& Metals, Community Union; Tom Hoyles, Politics, Press and
Research Officer, GMB Wales & Jason Bartlett Regional Officer
of Unite the Union Wales.
