To ask the Secretary of State for Wales, with reference to the Fifth Tata Steel / Port Talbot Transition Board Statement, published on 25 April 2024, if he will publish the local economic action plan.
Answered on
14 May 2024
The Tata Steel/Port Talbot Transition Board has been set up to support those affected by Tata Steel’s decarbonisation transition, backed by a £100 million fund. Of that funding, £80 million is provided by the UK Government and £20 million will be provided by Tata.
The Transition Board commissioned the development of a Local Economic Action Plan to assess the economic impact in South Wales, as well as provide the Transition Board with advice on how to support and grow the local economy.
At the Fifth Tata Steel/Port Talbot Transition Board meeting, the Board endorsed the Local Economic Action Plan and its use as a broad roadmap to help guide the Board when recommending how the £100 million fund should be used to support those affected. The Board agreed that a summary of the Local Economic Action Plan should be published in due course.