Tata Steel and the UK Government jointly agree on a proposal for the largest investment in the UK Steel Industry for decades.
The proposal lays the decarbonisation pathway towards globally competitive and sustainable steel making in Port Talbot, UK.
Tata Steel and the UK Government announce a joint agreement on a proposal to invest in state-of-the-art electric arc furnace steelmaking at the Port Talbot site with a capital cost of £1.25 billion inclusive of a grant from the UK Government of up to £500 million, subject to relevant regulatory approvals, information and consultation processes, and the finalisation of detailed terms and conditions.
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