Iron and Steel: Port Talbot
The question
To ask the Secretary of State for Business and Trade, how much of the £500 million grant to support the installation of an electric arc furnace at the Port Talbot steelworks has been paid.
Answered by Sarah Jones
Grant payments are made in arrears and subject to confirmation that pre-payment conditions have been satisfactorily met. HMG has committed to provide Tata Steel with a grant of up to £500m to support the installation of an electric arc furnace at the Port Talbot site. The precise amounts and timelines for payments are commercially sensitive.
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