Tata Steel will receive £500 million from the UK.
On Friday, Tata Steel and the UK government jointly pledged £1.25 billion in investments to upgrade the Port Talbot plant’s coal-based electric arc furnace (EAF) to a lower-emission model. While the UK government will give up to £500 million, Tata Steel would invest around £700 million over the course of the following four years from…