Grant News

A new £13 million government fund has been announced to help Welsh steelworkers affected by job losses from the closure of the Port Talbot blast furnaces.

There are three parts to the new fund:

• A business start-up fund which will enable Tata Steelworkers, families and people in the supply chain to receive support and guidance, and to access a grant to help them start up new businesses. People looking to set up new firms ranging from plumbing and electrical to technology companies will be able to access non-repayable grants of up to £10,000
• A new business growth fund to support firms already in operation who are seeking to increase their role in the local economy. Grants available will range between £25,001 and £250,000 tailored to the specific needs of each business

• A business resilience fund providing targeted assistance to local businesses affected by the ongoing transition at Tata Steel to diversify into new markets, create new jobs and to find opportunities in emerging sectors such as low carbon energy. The fund can be accessed by small businesses like local shops or cafes or by larger companies like construction firms affected by the Tata Steel transition with grants ranging from £2,500 to £25,000

Further details will be announced in due course.

Businesses and individuals can register an interest or send any enquiries to: tsukqueries@npt.gov.uk