{ "query": "Tata Steel UK EAF transition project news budget 750M UK government 500M 2026 update", "raw_results": [ { "url": "https://www.tatasteeluk.com/sites/default/files/pimcore_doc/tata-steel-uk-senedd-2026-manifesto-february-2026.pdf", "title": "[PDF] Tata Steel UK", "content": "goes live Late 2027 Tata Steel UK’s transition to Electric Arc Furnace (EAF) steelmaking is the largest investment in the UK steel industry for decades – cutting emissions by 90%, safeguarding domestic production, and protecting thousands of skilled jobs across Wales and the UK. Since 2007, Tata Steel has invested more than £6.3 billion in its UK operations. In 2024, we committed to a £1.25 billion transformation of our Port Talbot site, backed by £500 million from the UK Government. Our strategic investment places Wales at the heart of EAF steelmaking in Europe and ensures that we harness our own indigenous resources for the future. Of the 10-11 million tonnes of scrap steel generated annually in the UK, approximately 80% is currently exported. By redirecting some of this valuable [...] Tata Steel UK Creating a Secure Future for Welsh Steel A MESSAGE FROM OUR CEO KEY PROJECT MILESTONES 2 Key milestones in the transformation of Port Talbot steelmaking Design and engineering phase 2020 – 2024 Closure of Blast Furnace 5 by end June 2024 Closure of Blast Furnace 4 and wind down remaining heavy end by end September 2024 Upgrades to steel mills and continuous casters Late 2024 – 2027 Planning process for new Electric Arc Furnace Spring 2024 – summer 2025 Electricity connection agreement with the ESO May 2024 Constructing new steelmaking technology Summer 2025 – late 2027 Electric Arc Furnace start-up phase Late 2027 – 2028 £1.25 billion joint investment agreed with UK Government September 2023 New electricity connection goes live Late 2027 Tata Steel UK’s transition to Electric", "score": 0.80126834, "raw_content": null }, { "url": "https://m.economictimes.com/industry/indl-goods/svs/steel/tata-steel-looks-to-begin-construction-of-eaf-project-in-uk-in-july/articleshow/121704928.cms", "title": "Tata Steel looks to begin construction of EAF project in UK in July - The Economic Times", "content": "Homegrown Tata Steel is expecting to start the construction of its low-carbon EAF-based steel making project in the UK from July 2025 and commence operations by 2027, top company officials said. \n \n The company has received necessary approvals for its USD 1.5 billion project at Port Talbot, Tata Steel CEO & MD T V Narendran, and ED & CFO Koushik Chatterjee said in the company's annual report for FY2024-25. \n \n \"We are now transitioning to decarbonised and state-of-the-art EAF-based steelmaking by FY2027-28, supported by 500 million pounds in the UK Government funding,\" the management said.\n \n \n They said that planning approval has been received for the EAF (electric arc furnace) project at Port Talbot and the construction is expected to commence in July 2025. [...] \"We have exited from steelmaking through the end-of-life heavy end assets in Port Talbot, and moved to a downstream model using imported substrate from India, the Netherlands and other external sources,\" an official said. \n \nSpeaking further on the UK plan, the officials said the structural transition is also accompanied by a significant focus on cost rationalisation as the company plans to bring down its fixed costs further from 762 million pounds in FY2024-25 to 540 million pounds in the coming year. \n \nThe reductions are based on optimising substrate costs, modernising IT infrastructure, rationalising downstream operations and eliminating corporate overheads. [...] AbcMedium\n\nAbcLarge\n\nSave\n\nPrint\n\nComment\n\nSynopsis\n\nTata Steel is set to begin construction of its low-carbon electric arc furnace (EAF) steelmaking project in Port Talbot, UK, in July 2025, with operations slated to commence by 2027. Supported by UK government funding, this initiative transitions Tata Steel from blast furnaces to a low-emission EAF process utilizing local scrap, while also focusing on significant cost rationalization.\n\nTata SteelReuters", "score": 0.77548623, "raw_content": null }, { "url": "https://www.tatasteeluk.com/corporate/news/tata-steel-signs-%C2%A3500-million-grant-funding-agreement-with-uk-government-", "title": "Tata Steel signs £500 million Grant Funding Agreement with UK Government | Tata Steel UK", "content": "As the largest investment in the UK steel industry for decades, the £1.25 billion project will safeguard UK’s steel sovereignty, secure steel making in Port Talbot and preserve 5,000 jobs.\n The new assets will reduce the UK’s entire industrial carbon emissions by 8% (and Port Talbot’s by 90%) while setting a benchmark in circularity, utilising UK scrap.\n Alongside its planned £750 million investment, Tata Steel has put its significant global engineering and project capabilities behind this project, which will benefit from an additional £500 million in UK Government Grant Funding. [...] T V Narendran, Tata Steel Chief Executive Officer and Managing Director, said: “With the UK government’s critical support, this complex and ambitious transformation of Port Talbot has the potential to make the plant one of Europe’s premier centres for green steelmaking. I would like to thank the UK Steel Committee and various departments of the UK and Welsh governments for their support in reaching this agreement. We now look forward to the efficient and speedy execution of the EAF project. We will also continue our work with the Transition Board and the UK and Welsh governments to enable this project to be a catalyst for economic regeneration and job creation in South Wales.” \n\n#### Notes to Editors:\n\nFor further information, please contact: [...] This is one of the largest industrial transition projects in the UK and its implementation has been enabled by the responsible approach of Tata Steel’s workforce, the UK Steel Committee representing the trade unions, and support of the UK Government.\n Following extensive discussions with employee representatives, Tata Steel has finalised a Memorandum of Understanding with the UK Steel Committee.\n Tata Steel is offering its most generous-ever support package to employees leaving the company, and a comprehensive voluntary redundancy aspiration process combined with cross-matching and/or re-skilling.", "score": 0.75181264, "raw_content": null }, { "url": "https://www.gov.uk/government/news/statement-on-behalf-of-the-tata-steel-port-talbot-transition-board--2", "title": "Statement on behalf of the Tata Steel / Port Talbot Transition Board  - GOV.UK", "content": "From the Secretary of State for Wales on the signing of the Celtic Freeport Memorandum of Understanding on 18 March. The first tranche of seed capital funding will be released during April 2026.\n\nFrom Rebecca Evans MS, Cabinet Secretary for the Economy, Energy and Planning on the Welsh Government’s Renewable Energy Sector Deal.\n\nMembers also reviewed the progress of the Transition Board’s funds so far, where circa:\n\n60 companies in Tata Steel UK’s supply chain have received grants from the Supply Chain Transition Fund.\n\n140 businesses in the local area have received grants from the Resilience and Business Growth Funds.\n\n85 new businesses have been created using grants for equipment and training through the Start-Up Fund. [...] Consultations and strategy\n\nData, Freedom of Information releases and corporate reports\n\n### Search\n\n# Statement on behalf of the Tata Steel / Port Talbot Transition Board\n\nThe Tata Steel / Port Talbot Transition Board met on 26 March 2026.\n\nThe Tata Steel / Port Talbot Transition Board met on 26 March 2026.\n\nThe Secretary of State for Wales, Rt Hon Jo Stevens MP, in her role as Chair of the Transition Board, met with members to discuss the UK Government’s Steel Strategy, published by the Department for Business and Trade on 19 March. Members heard about the action the UK Government is taking to protect domestic steelmaking and strengthen the wider supply chain for critical national infrastructure and defence.\n\nThe Board also had the following updates: [...] The Board also had the following updates:\n\nFrom the Secretary of State for Wales on the announcement that the UK Government has agreed the terms of a grant of up to £64 million to Associated British Ports, to support the development of the UK’s first floating offshore wind‑ready port at Port Talbot. This funding represents a crucial first step towards realising the benefits of floating offshore wind in Wales.\n\nThe final Transition Board intervention, the Economic Growth and Investment Fund has now opened to full applications. The fund is made up of £6.78 million from the UK Government and £5 million from Tata Steel UK and is intended to create high-quality jobs and attract long-term investment. The deadline for applications is 15 May.\\\\", "score": 0.7445268, "raw_content": null }, { "url": "https://www.tatasteel.com/newsroom/press-releases/india/2024/tata-steel-signs-500-million-grant-funding-agreement-with-uk-government-for-125-billion-green-steel-project-in-port-talbot/", "title": "Tata Steel signs £500 million Grant Funding Agreement with UK Government for £1.25 billion green steel project in Port Talbot", "content": "A defining moment for the future of steel making in the UK\n\nSupporting affected employees\n\nT V Narendran, Tata Steel Chief Executive Officer and Managing Director, said: “With the UK government’s critical support, this complex and ambitious transformation of Port Talbot has the potential to make the plant one of Europe’s premier centres for green steelmaking. I would like to thank the UK Steel Committee and various departments of the UK and Welsh governments for their support in reaching this agreement. We now look forward to the efficient and speedy execution of the EAF project. We will also continue our work with the Transition Board and the UK and Welsh governments to enable this project to be a catalyst for economic regeneration and job creation in South Wales.”\n\nNotes to Editors: [...] ### Contrast Scheme:\n\n# Complete hearing loss\n\nFor any other kind of hearing impairment, you will be able to see the transcripts/captions (sub-titles) for all the videos on our website and view along.\n\n# Press Releases\n\nTata Steel signs £500 million Grant Funding Agreement with UK Government for £1.25 billion green steel project in Port Talbot\n\nExplore more\n\n##### Press Releases\n\n## Tata Steel signs £500 million Grant Funding Agreement with UK Government for £1.25 billion green steel project in Port Talbot\n\nTata Steel announces that it has signed a £500 million Grant Funding Agreement with the UK Government allowing it to proceed at pace with the project to install a state-of-the-art Electric Arc Furnace at the Port Talbot steelworks in Wales.", "score": 0.71185225, "raw_content": null } ], "formatted": "Source: [PDF] Tata Steel UK\nURL: https://www.tatasteeluk.com/sites/default/files/pimcore_doc/tata-steel-uk-senedd-2026-manifesto-february-2026.pdf\ngoes live Late 2027 Tata Steel UK’s transition to Electric Arc Furnace (EAF) steelmaking is the largest investment in the UK steel industry for decades – cutting emissions by 90%, safeguarding domestic production, and protecting thousands of skilled jobs across Wales and the UK. Since 2007, Tata Steel has invested more than £6.3 billion in its UK operations. In 2024, we committed to a £1.25 billion transformation of our Port Talbot site, backed by £500 million from the UK Government. Our strategic investment places Wales at the heart of EAF steelmaking in Europe and ensures that we harness our own indigenous resources for the future. Of the 10-11 million tonnes of scrap steel generated annually in the UK, approximately 80% is currently exported. By redirecting some of this valuable [...] Tata Steel UK Creating a Secure Future for Welsh Steel A MESSAGE FROM OUR CEO KEY PROJECT MILESTONES 2 Key milestones in the transformation of Port Talbot steelmaking Design and engineering phase 2020 – 2024 Closure of Blast Furnace 5 by end June 2024 Closure of Blast Furnace 4 and wind down remaining heavy end by end September 2024 Upgrades to steel mills and continuous casters Late 2024 – 2027 Planning process for new Electric Arc Furnace Spring 2024 – summer 2025 Electricity connection agreement with the ESO May 2024 Constructing new steelmaking technology Summer 2025 – late 2027 Electric Arc Furnace start-up phase Late 2027 – 2028 £1.25 billion joint investment agreed with UK Government September 2023 New electricity connection goes live Late 2027 Tata Steel UK’s transition to Electric\n\n---\n\nSource: Tata Steel looks to begin construction of EAF project in UK in July - The Economic Times\nURL: https://m.economictimes.com/industry/indl-goods/svs/steel/tata-steel-looks-to-begin-construction-of-eaf-project-in-uk-in-july/articleshow/121704928.cms\nHomegrown Tata Steel is expecting to start the construction of its low-carbon EAF-based steel making project in the UK from July 2025 and commence operations by 2027, top company officials said. The company has received necessary approvals for its USD 1.5 billion project at Port Talbot, Tata Steel CEO & MD T V Narendran, and ED & CFO Koushik Chatterjee said in the company's annual report for FY2024-25. \"We are now transitioning to decarbonised and state-of-the-art EAF-based steelmaking by FY2027-28, supported by 500 million pounds in the UK Government funding,\" the management said. They said that planning approval has been received for the EAF (electric arc furnace) project at Port Talbot and the construction is expected to commence in July 2025. [...] \"We have exited from steelmaking through the end-of-life heavy end assets in Port Talbot, and moved to a downstream model using imported substrate from India, the Netherlands and other external sources,\" an official said. Speaking further on the UK plan, the officials said the structural transition is also accompanied by a significant focus on cost rationalisation as the company plans to bring down its fixed costs further from 762 million pounds in FY2024-25 to 540 million pounds in the coming year. The reductions are based on optimising substrate costs, modernising IT infrastructure, rationalising downstream operations and eliminating corporate overheads. [...] AbcMedium AbcLarge Save Print Comment Synopsis Tata Steel is set to begin construction of its low-carbon electric arc furnace (EAF) steelmaking project in Port Talbot, UK, in July 2025, with operations slated to commence by 2027. Supported by UK government funding, this initiative transitions Tata Steel from blast furnaces to a low-emission EAF process utilizing l\n\n---\n\nSource: Tata Steel signs £500 million Grant Funding Agreement with UK Government | Tata Steel UK\nURL: https://www.tatasteeluk.com/corporate/news/tata-steel-signs-%C2%A3500-million-grant-funding-agreement-with-uk-government-\nAs the largest investment in the UK steel industry for decades, the £1.25 billion project will safeguard UK’s steel sovereignty, secure steel making in Port Talbot and preserve 5,000 jobs. The new assets will reduce the UK’s entire industrial carbon emissions by 8% (and Port Talbot’s by 90%) while setting a benchmark in circularity, utilising UK scrap. Alongside its planned £750 million investment, Tata Steel has put its significant global engineering and project capabilities behind this project, which will benefit from an additional £500 million in UK Government Grant Funding. [...] T V Narendran, Tata Steel Chief Executive Officer and Managing Director, said: “With the UK government’s critical support, this complex and ambitious transformation of Port Talbot has the potential to make the plant one of Europe’s premier centres for green steelmaking. I would like to thank the UK Steel Committee and various departments of the UK and Welsh governments for their support in reaching this agreement. We now look forward to the efficient and speedy execution of the EAF project. We will also continue our work with the Transition Board and the UK and Welsh governments to enable this project to be a catalyst for economic regeneration and job creation in South Wales.” #### Notes to Editors: For further information, please contact: [...] This is one of the largest industrial transition projects in the UK and its implementation has been enabled by the responsible approach of Tata Steel’s workforce, the UK Steel Committee representing the trade unions, and support of the UK Government. Following extensive discussions with employee representatives, Tata Steel has finalised a Memorandum of Understanding with the UK Steel Committee. Tata Steel is offering its most generous-ever support p\n\n---\n\nSource: Statement on behalf of the Tata Steel / Port Talbot Transition Board  - GOV.UK\nURL: https://www.gov.uk/government/news/statement-on-behalf-of-the-tata-steel-port-talbot-transition-board--2\nFrom the Secretary of State for Wales on the signing of the Celtic Freeport Memorandum of Understanding on 18 March. The first tranche of seed capital funding will be released during April 2026. From Rebecca Evans MS, Cabinet Secretary for the Economy, Energy and Planning on the Welsh Government’s Renewable Energy Sector Deal. Members also reviewed the progress of the Transition Board’s funds so far, where circa: 60 companies in Tata Steel UK’s supply chain have received grants from the Supply Chain Transition Fund. 140 businesses in the local area have received grants from the Resilience and Business Growth Funds. 85 new businesses have been created using grants for equipment and training through the Start-Up Fund. [...] Consultations and strategy Data, Freedom of Information releases and corporate reports ### Search # Statement on behalf of the Tata Steel / Port Talbot Transition Board The Tata Steel / Port Talbot Transition Board met on 26 March 2026. The Tata Steel / Port Talbot Transition Board met on 26 March 2026. The Secretary of State for Wales, Rt Hon Jo Stevens MP, in her role as Chair of the Transition Board, met with members to discuss the UK Government’s Steel Strategy, published by the Department for Business and Trade on 19 March. Members heard about the action the UK Government is taking to protect domestic steelmaking and strengthen the wider supply chain for critical national infrastructure and defence. The Board also had the following updates: [...] The Board also had the following updates: From the Secretary of State for Wales on the announcement that the UK Government has agreed the terms of a grant of up to £64 million to Associated British Ports, to support the development of the UK’s first floating offshore wind‑ready port at Port Talbot. This f\n\n---\n\nSource: Tata Steel signs £500 million Grant Funding Agreement with UK Government for £1.25 billion green steel project in Port Talbot\nURL: https://www.tatasteel.com/newsroom/press-releases/india/2024/tata-steel-signs-500-million-grant-funding-agreement-with-uk-government-for-125-billion-green-steel-project-in-port-talbot/\nA defining moment for the future of steel making in the UK Supporting affected employees T V Narendran, Tata Steel Chief Executive Officer and Managing Director, said: “With the UK government’s critical support, this complex and ambitious transformation of Port Talbot has the potential to make the plant one of Europe’s premier centres for green steelmaking. I would like to thank the UK Steel Committee and various departments of the UK and Welsh governments for their support in reaching this agreement. We now look forward to the efficient and speedy execution of the EAF project. We will also continue our work with the Transition Board and the UK and Welsh governments to enable this project to be a catalyst for economic regeneration and job creation in South Wales.” Notes to Editors: [...] ### Contrast Scheme: # Complete hearing loss For any other kind of hearing impairment, you will be able to see the transcripts/captions (sub-titles) for all the videos on our website and view along. # Press Releases Tata Steel signs £500 million Grant Funding Agreement with UK Government for £1.25 billion green steel project in Port Talbot Explore more ##### Press Releases ## Tata Steel signs £500 million Grant Funding Agreement with UK Government for £1.25 billion green steel project in Port Talbot Tata Steel announces that it has signed a £500 million Grant Funding Agreement with the UK Government allowing it to proceed at pace with the project to install a state-of-the-art Electric Arc Furnace at the Port Talbot steelworks in Wales." }