Commons Sense

House of Commons · Written Ministerial Statement

Port Talbot Transition Board

18 November 2024 · Wales Office

Proposed by Jo Stevens Lab Cardiff East

Business & TradeLocal GovernmentWales

Summarised by AI from the official record, so it can contain mistakes.

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At a glance

Key points

  • The Business Start-Up, Growth and Resilience Fund is worth 13 million to support affected businesses and individuals.
  • The fund offers grants of up to 10,000 for start-ups, between 25,000 and 250,000 for business growth, and between 2,500 and 25,000 for business resilience.
  • The Welsh Government and Neath Port Talbot Council will administer the funding.

Issue summary

The statement discusses a £13 million Business Start-Up, Growth and Resilience Fund aimed at supporting businesses and individuals affected by Tata Steel's transition to greener steel making.

Action requested

Jo Stevens announces the availability of grants through three parts of the fund: up to £10,000 for start-ups; between £25,000 and £250,000 for business growth; and between £2,500 and £25,000 for business resilience. The Welsh Government and Neath Port Talbot Council will deliver the funding.

Key facts

  • £13 million Business Start-Up, Growth and Resilience Fund.
  • Grants of up to £10,000 available for start-ups.
  • Grants between £25,000 and £250,000 available for business growth.
  • Grants between £2,500 and £25,000 available for business resilience.
  • Fund is part of the larger £80 million Transition Board Fund.
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