SSI Archives - Corporate Welfare Watch

December 4, 2024

The Teeside SSI steelworks plant was shuttered in 2015. The UK government has picked up the £80 million redevelopment tab.

Redcar Growth Zone Receives £5 Million for Commercial Development Following 2015 Closure of SSI Plant

January 19, 2017

In January 2017 Climate Change and Industry Minister Nick Hurd announced that the government would allocate £5 million to the Redcar Growth Zone to support the development of attractive commercial space in the town.The money […]

To subsidise or not…. The British steel industry

November 12, 2015

The British steel industry is arguing that corporate welfare provided by China is rigging the market. The UK government has accordingly promised additional support to the industry, although this will take the form of assistance […]