Belfast Telegraph

UK says it may help Tata as NI jobs saved

By John Mulgrew

Around 70 jobs at Tata Steel in Lisburn have been safeguarded following the sale of part of the business, as Westminster reveals it will consider co-investing with a buyer for the rest of the company.

The Government will consider co-investing with a buyer on commercial terms to save the Port Talbot steel plant in south Wales, Business Secretary Sajid Javid told the Commons.

Mr Javid said he had been in contact with potential buyers, making clear that the Government stands ready to help.

"This includes looking at the possibility of co-investing with a buyer on commercial terms," he said. He later said that the Government had not ruled anything out, before repeating his belief that the best way forward was for a sale to a private buyer.

The news comes as the Indian conglomerate announced the signing of an agreement to sell its Long Products Europe business, including its plant in Scunthorpe, to Greybull Capital. That part of the business employs 72 workers at its service centre in Lisburn, which has been based in Co Antrim since 2007.

A spokeswoman for Tata confirmed that its "associated distribution facilities in the UK and Ireland" were included in the overall sale. The Lisburn centre is part of that business.

Belfast Telegraph