FinTech Wales held an event earlier this week (November 26) to support individuals and families affected by recent job losses at Tata Steel.
Companies who provided valuable insight into career paths in the fintech sector on the day included WeGetDesign, Cadre Advisory, Dynamo Cover, Gower College, Swansea University, Technocamps, Monmouthshire Building Society, ITeC Digital Training, Educ8 Training, Aspire 2Be, DVLA, ALS Training. , DCW Group, Ogi and iungo Solutions. Neath Port Talbot County Borough Mayor, Councilor Matthew Crowley, was also at the event.
The initiative is linked to the newly allocated £13.5 million program funded by the UK Government, coordinated by the Tata Steel Transition Board. This funding helps local individuals and businesses grow and diversify.
Tata employees and their immediate family members can apply for up to £10,000 to start a business, with grants of up to £250,000 for existing businesses. The new grant is part of £26.5 million announced in four months. It will be used for a wide variety of purposes including training fees, examination fees, work-related certificates and licenses, tools and equipment on an individual basis.
The Community Support Center officially opened its doors last month, attended by the Secretary of State for Wales. Jo Stevens MP and the Cabinet Secretary for Economy, Energy and Planning Rebecca Evans showing their support on opening day.
“Supporting individuals and families affected by Tata Steel’s recent layoffs is not just about creating jobs; it’s about creating lasting opportunities and a better future for the community. It is essential at this time that the broader ecosystem provides support. Today I am proud to see FinTech Wales, its partners and other organizations here in this almost established community hub. We are stronger together and it is this collaboration that will ensure that this transition is not just about recovery but also an engine of growth and resilience across the region.
“Today’s event showcased the diverse and innovative career paths available in the fintech and financial services fields. We were also able to demonstrate that there are many transferable skills and competencies. Many of FinTech Wales’ skills initiatives are designed to help individuals make the transition to technology, regardless of where they are currently on their career journey. Our goal is to inspire confidence and provide practical pathways for those looking to rebuild and thrive.
Acorn by Mark Rudge, Director of Commercial Partnerships at Synergie said: “Acorn by Synergie and I were delighted to collaborate with Fintech Wales to bring this incredible event to Port Talbot.
“The financial sector may not be the first career path that comes to mind for relevant skilled workers in Port Talbot, but we are excited to showcase the new and inspiring opportunities it can offer. We hope this event will now open the door to a bright and exciting future for many local residents.
Launched in April 2019, FinTech Wales offers help and support to its network of members and participants – using the power of collective voice to be heard by politicians, governments and influencers in the financial services industry.