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The Guardian - UK
The Guardian - UK
Business
Alex Lawson

British Steel and Tata told to protect jobs until 2033 to unlock £600m funding

A Tata steel production facility in Port Talbot.
A Tata steel production facility in Port Talbot. Photograph: Ian Redding/Alamy

The two largest steelmakers in Britain will have to protect thousands of jobs for a decade to unlock a promised £600m in state funding for their plans to decarbonise, it has emerged.

The business secretary, Grant Shapps, has told British Steel and Tata Steel that they must guarantee a certain number of UK jobs until 2033 as part of an agreement to land £300m each in government aid.

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