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<p>This Government is supporting Tata Steel with £500 million towards building an
electric arc furnace, securing the future of steelmaking at Port Talbot. This will
protect 5,000 steel jobs and thousands more in the supply chain. 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.</p><p>To
address the potential impact on the supply chain, I have formed a dedicated Supply
Chain Sub-Group within the structure of the Transition Board. This group consists
of representatives from UK Government, Welsh Government, local government, and Tata
Steel UK. This group is actively mapping affected supply chains and developing targeted
interventions to specifically support impacted businesses.</p>
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