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Government launches £2.5 billion scheme to revive steel industry

The Government has launched a £2.5 billion scheme to revive the steel industry through the newly formed Steel Council.
The Steel Council aims to ensure the long-term stability of the UK steel sector, which is crucial for national security and economic growth.
Business Secretary Jonathan Reynolds stated that the Government will take action to secure the future of the steel industry.
The Council will include representatives from Tata Steel, British Steel, and Sheffield Forgemasters, focusing on a new steel strategy.

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The Epoch Times

Government Launches Steel Council to Revive Industry

The government has launched the Steel Council to advise on how to safeguard the future of the industry, following thousands of job losses last year. The Steel Council, which convened for the first time on Tuesday, will also discuss the allocation of up to £2.5 billion pledged by the government to support the sector’s growth. Business Secretary Jonathan Reynolds and chairman of the Materials Processing Institute, Jon Bolton, will jointly lead the…

2 months ago·New York, United States

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The Independent

British Steel to sit on new government council after thousands of job losses

The Steel Council will help steer plans for the industry which will be backed by up to £2.5 billion of investment.

2 months ago·London, United Kingdom

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BBC News

Government launches Steel Council after job losses

Sheffield Forgemasters is among the organisations that will make up the government-led council.

2 months ago·United Kingdom

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South Wales Argus

Government launches £2.5 billion scheme to revive steel industry

The government has launched a £2.5 billion scheme to revive the steel industry through the newly formed Steel Council

2 months ago·Newport, United Kingdom

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Evening Standard

+3 Reposted by 3 other sources

Tata and British Steel bosses to sit on new Government steel council

The Steel Council will help steer plans for the industry which will be backed by up to £2.5 billion of investment.

2 months ago·London, United Kingdom

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New Civil Engineer

Government launches Steel Council with stronger infrastructure supply chain and decarbonisation among objectives

A new Steel Council has been launched by the government, with objectives including a stronger supply chain for infrastructure projects and support for the UK’s decarbonisation strategy. The post Government launches Steel Council with stronger infrastructure supply chain and decarbonisation among objectives appeared first on New Civil Engineer.

2 months ago

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