Why the UK government’s £500 million investment in Port Talbot is not enough to secure the British steel industry

By Phil Tomlinson, Professor of Industrial Strategy, Co-Director Centre for Governance, Regulation and Industrial Strategy (CGR&IS), University of Bath
Michael A. Lewis, Professor of Operations and Supply Management, University of Bath

At first glance, a £500 million government investment into a critical industry looks like a move designed to inspire confidence. But the large sum will provide little comfort to the 2,500 people expected to lose their jobs as Tata Steel close the UK’s last blast furnace at Port Talbot in south Wales. And nor is it enough to guarantee the long-term future of British…

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