7 Chwefror 2024 , Economy, Trade, and Rural Affairs Committee
Tata Steel UK
Okay. Thank you, Luke. I'll now bring in Sam Kurtz. Sam.
7 Chwefror 2024 , Economy, Trade, and Rural Affairs Committee
Tata Steel UK
Okay. Thank you, Vikki. Before I bring in Sam Kurtz, I know that Luke Fletcher would like to come in. Very, very quickly—we are, obviously, pressed for time, so if we can be as succinct as possible, that's great.
7 Chwefror 2024 , Economy, Trade, and Rural Affairs Committee
Tata Steel UK
Yes. Absolutely.
7 Chwefror 2024 , Economy, Trade, and Rural Affairs Committee
Tata Steel UK
Yes, that'd be helpful.
7 Chwefror 2024 , Economy, Trade, and Rural Affairs Committee
Tata Steel UK
Thank you, Hefin. I'll now bring in Vikki Howells. Vikki.
7 Chwefror 2024 , Economy, Trade, and Rural Affairs Committee
Tata Steel UK
Yes, please.
7 Chwefror 2024 , Economy, Trade, and Rural Affairs Committee
Tata Steel UK
Okay, thank you. Before I bring in Vikki Howells, I know that Hefin David would like to come in. Hefin.
7 Chwefror 2024 , Economy, Trade, and Rural Affairs Committee
Tata Steel UK
So, is it your understanding that the grant of £500 million would actually be paid after you've built the electric arc furnace?
7 Chwefror 2024 , Economy, Trade, and Rural Affairs Committee
Tata Steel UK
And in terms of the current deal, are there any specific conditions attached to this deal? Did the UK Government attempt to attach conditions to the deal during the course of your negotiations with them?
7 Chwefror 2024 , Economy, Trade, and Rural Affairs Committee
Tata Steel UK
What would you mean by 'additional measures'?
7 Chwefror 2024 , Economy, Trade, and Rural Affairs Committee
Tata Steel UK
So just to be clear, then, if more money was on the table, you would actually look at alternative measures.
7 Chwefror 2024 , Economy, Trade, and Rural Affairs Committee
Tata Steel UK
—in your decisions. So, if the UK Government offered you more money, would you be prepared to look at alternative measures?
7 Chwefror 2024 , Economy, Trade, and Rural Affairs Committee
Tata Steel UK
Clearly, from your answers, obviously the financial one is a significant factor—
7 Chwefror 2024 , Economy, Trade, and Rural Affairs Committee
Tata Steel UK
Thank you for those introductions. Perhaps I can just kick off this session with a few questions. First of all, is your decision to close the two blast furnaces and build an electric arc furnace purely a financial one?
7 Chwefror 2024 , Economy, Trade, and Rural Affairs Committee
Tata Steel UK
Thank you.
7 Chwefror 2024 , Economy, Trade, and Rural Affairs Committee
Tata Steel UK
Croeso nôl i gyfarfod o Bwyllgor yr Economi, Masnach a Materion Gwledig. Fe symudwn ni ymlaen nawr i eitem 4, sef sesiwn gyda Tata Steel. Dyma'r ail o'r sesiynau heddiw yn trafod dyfodol dur yng Nghymru. Mae'n gyfle i drafod y cyhoeddiadau diweddar gan Tata…
7 Chwefror 2024 , Economy, Trade, and Rural Affairs Committee
Gweinidog yr Economi - sesiwn ar Tata Steel
We'll now take a short break to prepare for the next session.
7 Chwefror 2024 , Economy, Trade, and Rural Affairs Committee
Gweinidog yr Economi - sesiwn ar Tata Steel
Diolch, Sam. I'm afraid time has beaten us, Minister, so our session has come to an end. Thank you to you and your officials for being with us this morning. Your evidence will be very important for us as a committee in scrutinising this matter, going forward…
7 Chwefror 2024 , Economy, Trade, and Rural Affairs Committee
Gweinidog yr Economi - sesiwn ar Tata Steel
Diolch, Luke. I'll now bring in Sam Kurtz.
7 Chwefror 2024 , Economy, Trade, and Rural Affairs Committee
Gweinidog yr Economi - sesiwn ar Tata Steel
Thank you, Buffy. I'll now bring in Luke Fletcher. Luke.
7 Chwefror 2024 , Economy, Trade, and Rural Affairs Committee
Gweinidog yr Economi - sesiwn ar Tata Steel
Thank you, Vikki. I’ll now bring in Buffy Williams. Buffy.
7 Chwefror 2024 , Economy, Trade, and Rural Affairs Committee
Gweinidog yr Economi - sesiwn ar Tata Steel
Diolch, Hefin. I'll now bring in Vikki Howells. Vikki.
7 Chwefror 2024 , Economy, Trade, and Rural Affairs Committee
Gweinidog yr Economi - sesiwn ar Tata Steel
Yes, by all means.
7 Chwefror 2024 , Economy, Trade, and Rural Affairs Committee
Gweinidog yr Economi - sesiwn ar Tata Steel
Okay. I'll now bring in Hefin David. Hefin.
7 Chwefror 2024 , Economy, Trade, and Rural Affairs Committee
Gweinidog yr Economi - sesiwn ar Tata Steel
Okay.