The Welsh secretary has announced £13m of funding to help steelworkers affected by job losses. Jo Stevens adds the fund is part of an £80m commitment "to protect steel communities". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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00:00If you take Port Talbot for example, within 10 weeks of coming into government we negotiated
00:04a better deal with Tata that secured the immediate future of Port Talbot. We've laid the
00:10foundations for future investment, so more money going into the site to create jobs and also a deal
00:18which meant that there were enhanced protections for the whole of the workforce. Tata have offered
00:22the best voluntary redundancy terms they've ever offered in the UK to their staff and there is
00:28protection for all of the workforce in one form or another either through voluntary redundancy,
00:33through training and there are no immediate compulsory redundancies. The fund I'm announcing
00:39today of £13 million is to help particularly steel workers and their families who you know
00:45they might want to set up their own business and they might have imagined always being their own
00:49boss so grants of up to £10,000 to do that and then a growth fund for businesses who will need
00:56to expand or diversify because of the change in the way that the steel will be made and finally
01:02a resilience fund and that's for local businesses like cafes and hairdressers and restaurants and
01:08shops who will be worried about footfall because obviously steel workers wages are what
01:14drives the local economy and that's to help them through the transition. So this fund I'm
01:20announcing today is the second fund we've already announced £13.5 million previously
01:26and it's part of that overall £80 million to make sure that we protect
01:30the steel communities through this transition.