The reforms set out plans to prioritise British supply chains across key sectors including steel, shipbuilding, artificial intelligence (AI) and energy infrastructure.
The funding boost increases the resources available through the Tata Steel / Port Talbot Transition Board, which was established to protect jobs during the transition to greener steelmaking.
Unite, which represents workers at the firm, said long-term guarantees are needed to protect employment and secure the company’s role in the UK’s critical national infrastructure.
The Economic Growth and Investment Fund, announced by the Tata Steel / Port Talbot Transition Board, aims to support companies that offer skilled, well-paid employment aligned with the talents of the local workforce.
Agreement on US steel tariffs provides certainty for UK steel industry and protects employment.
Positions range from engineering and environment to chemistry, cleaning, legal, labouring, safety, and stores.
The union’s new report, Steel Reforged, outlined a series of recommendations to secure the future of the UK’s steel industry into the 2030s and beyond.
The consultation will examine issues such as high electricity costs, unfair trading practices with a focus on maintaining jobs.
Steelworkers and their families in the Port Talbot area will be helped to start up new businesses with a new fund launched by the Government.
Unite to present a 30,000-signature petition at the Senedd, urging UK politicians to support the steel industry, amid significant job threats at Tata.