Applications open for £11M fund to boost jobs and investment in Port Talbot

Businesses in Port Talbot and the surrounding area can now apply to a new £11.78m fund to create high-quality jobs and attract long-term investment.

The Economic Growth and Investment Fund includes £6.78m from the UK Government and £5m from Tata Steel UK. 

It is designed to support firms offering skilled, well-paid jobs and help them grow. 

The fund will work alongside Welsh Government and Neath Port Talbot council efforts to strengthen the local economy.

Secretary of State for Wales Jo Stevens, said: “This new fund is a powerful example of what can be achieved when government and business work together to deliver for communities. 

“Backed by over £11.7 million, it will help local businesses grow, create high-quality jobs and attract more new investment to Port Talbot. 

“As a government we have acted decisively to ensure that steelmaking would continue in Port Talbot and also to provide extensive financial support for steelworkers, supply chain businesses and the wider community.”

Stevens added: “So far £122 million has been allocated by the Port Talbot Tata Steel transition board resulting in thousands of grants distributed locally for retraining, business investment and regeneration projects.