£135m funding to support British businesses and workers
Funding boost to support UK firms
The UK government has announced £135m funding to aid British businesses and employees impacted by economic issues.
What the funding will be used for
The funding will support businesses in the supply chain reliant on Tata Steel, helping them diversify and find new opportunities.
It will also provide support for workers affected by the recent challenges in the steel industry.
Government commitment to economic recovery
The funding is part of the government's commitment to supporting the UK's economic recovery from the pandemic and the ongoing global economic challenges.
Business Secretary Kwasi Kwarteng said: "This £135 million funding package will provide vital support to businesses and workers in the supply chain who have been affected by the recent challenges in the steel industry."
"We are committed to supporting the UK's economic recovery and ensuring that businesses have the tools they need to succeed."
Impact of the funding
The funding is expected to make a significant impact on the businesses and workers it supports, helping to safeguard jobs and support economic growth in the UK.
The government will continue to monitor the situation and provide further support as needed.
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