Helping UK steel regions
UK Steel Enterprise is a wholly-owned subsidiary of Tata Steel Europe. Its aim is to help improve the economies of those areas of the UK most affected by changes in the steel industry.
Over the past 30 years, UK Steel Enterprise has provided finance and premises, together with help and advice, to more than 4,500 small businesses. The £72 million (US$102.96m) it has invested since 1975 has enabled these businesses to create over 70,000 new jobs in steel areas.
Examples of the type of assistance offered include helping an East Kilbride-based company secure £500,000 (US$715,000) in funding to expand into Europe and providing investment for new technology to help a printing company beat the recession in the North East of England.
UK Steel Enterprise also supports community projects. During the year, these included a club in Rotherham to benefit the elderly and the very young, an anti-drugs campaign for children in Scotland, a creative training academy for young people near Stoke-on-Trent, and a regeneration charity for the unemployed in Middlesbrough.
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