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<p>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>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.</p><p>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.</p>
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