Roger Maggs
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Tata: Consortium says UK steel rescue plan 'viable'

A Welsh consortium looking to buy Tata Steel's UK operations says the option of the UK Government taking a stake gives them more confidence of success.

Tycoon Sir Terry Matthews was revealed as part of the group which includes Port Talbot plant boss Stuart Wilkie.

It comes as the UK Government said it was prepared to take a 25% stake after a takeover.

UK Business Secretary Sajid Javid said it was "clear evidence" of the extent of that commitment.

Steel expert Roger Maggs, who is heading the consortium, welcomed the intervention.

"It's wonderful news and it gives legitimacy to the efforts that other people are making."

He explained to BBC Wales economics correspondent Sarah Dickins why he believes the original rescue plan for the business is still viable.

  • 21 Apr 2016
  • From the section Wales
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