Tata Steel seeks £500m state bailout

Careers | Tata Steel Europe

Britain’s biggest steel producer is seeking millions of pounds in support as they struggle with a slump in global orders caused by the coronavirus.

Tata Steel has approached ministers to ask for a funding package worth in the region of £500m.

The request is said to be under discussion with the Treasury and Department for Business, Energy and Industrial Strategy.

Sources close to Tata Steel indicated this weekend that the talks were at a preliminary stage and that no agreement between the company and government yet.

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