£8.2 million towards Port Talbot growth and regeneration
The first of the growth and regeneration projects in Port Talbot will receive £8.2 million from the Tata Steel / Port Talbot Transition Board
Last updated 6th Feb 2025
The first of the growth and regeneration projects in Port Talbot will receive £8.2 million from the Tata Steel / Port Talbot Transition Board.
Plans will support more than 100 jobs and the Government hopes this will generate more than £87 million for the South Wales economy.
Tata Steel / Port Talbot Transition Board has now allocated £51 million into the local community.
More than 100 jobs are expected to be created and supported with the UK Government announcement of £8.2 million funding for the first regeneration project in Port Talbot with other projects set to follow.
The South Wales Industrial Transition from Carbon Hub project will redevelop a four-acre site at Harbourside, Port Talbot which will include the construction of additional shared space, undertake flood mitigation and the provision of specialist equipment.
This will allow the development of a new facility targeted at supporting the steel and metal industry and supply chain to reduce carbon emissions in production.
Welsh Secretary Jo Stevens said:
“In just six months there has now been over £50 million announced by the Transition Board to support individual steelworkers and their families, businesses in the supply chain and now on a major regeneration project for the town.
“Millions more will follow and while this remains a very difficult time for Tata workers, their families and the community, we are determined to support our steel communities whatever happens.”
Cabinet Secretary for Economy, Energy and Planning Rebecca Evans said:
“This announcement builds on the investment that will be unlocked through the recent Celtic Freeport and other investments and innovation we are supporting in and around Port Talbot.
“Working alongside our Transition Bard partners, we will continue to do everything we can to provide opportunities for growth wherever they arise as well as making sure that the right assistance and support is in place for those impacted by the Tata changes.”
The Leader of Neath Port Talbot Council, Cllr Steve Hunt, said:
“We welcome this extra tranche of funding as the SWITCH project will attract jobs and investment to Neath Port Talbot as it progresses over the next few years. It also means this area can build on its long history in the steel and metals industries to address the challenges of our time.”
Professor Helen Griffiths, Pro Vice Chancellor for Research and Innovation at Swansea University, said:
“SWITCH will leverage Swansea University’s history of uniting academia, industry, local authorities, and government. This significant investment will make Welsh research and innovation expertise even more accessible to business and industry, and help stimulate economic growth, provide long-term employment and foster a thriving community.”