Welsh: UK agrees major joint investment plan with Tata Steel for Welsh steelworks
LONDON: The UK on Friday announced that it had agreed a joint investment package with Tata Steel for the country's largest steelworks in Wales, including a grant worth up to GBP 500 million - dubbed one of the largest British government support packages in history and a "defining moment" for the steel industry. As part of the agreement, the Indian steel giant is expected to invest GBP 1.25 billion, including the government grant, in a new Electric Arc Furnace and related facilities for greener steel production at Port Talbot in South Wales, currently the UK's largest single carbon emitter. The Department for Business and Trade (DBT) said the proposal, which is subject to information and consultation processes led by Tata Steel, has the potential to safeguard over 5,000 jobs across Britai...
