Slaughter and May advised Tata Steel UK Limited (“Tata Steel”) on the £500 million bespoke grant funding agreement which was entered into on 11 September 2024 with His Majesty’s Government.
Securing this grant funding agreement is expected to enable Tata Steel to install a state-of-the-art Electric Arc Furnace at its Port Talbot steelworks in Wales, enabling the production of low carbon steel, enhancing re-use and circularity of steel scrap, and reducing the UK’s industrial carbon emissions by 8%, in one of the largest industrial transition projects currently being prepared in the UK.
Further details can be seen here:
Tata Steel Europe Press Release
Infrastructure and Energy
Robin Ogle
Partner
Daniel Mewton
Partner
Financing
Real Estate
John Nevin
Partner
Employment
Phil Linnard
Partner
Simon Clark
Senior Counsel
Pensions
Charles Cameron
Partner
James Smith
Associate