Steel crisis: Sir Terry Matthews says it is time to invest

A 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.

Sir Terry was asked by BBC Wales economics correspondent Sarah Dickins whether he would be among the investors.