Commenting on the announcement of a support package from Government in respect of SSI, Gareth Stace, Director of UK Steel, said:
“This is a welcome announcement to support the local community in its hour of need. Government has put this marker down as a sign of intent and it is an important first step in ensuring vital skills are not lost and livelihoods are supported.
“It is for Government to decide whether there was a case for using taxpayers’ money and if this wasn’t made for business reasons then we have to accept that.
“However, the much bigger issue is the future of the steel industry in the UK which make no mistake is in crisis. The forthcoming summit now assumes ever greater importance and it is critical that the Business Secretary spearheads a campaign to secure a sustainable future for the sector
“The Government is able to ensure steel companies operate on a level playing field and its must use this opportunity to support the steel sector as I fear time is of the essence.”