The Federal Government has pledged to stand ‘‘shoulder to shoulder’’ with the Illawarra after BlueScope Steel’s decision to shed 800 jobs at Port Kembla.It promised ‘‘immediate and practical support’’ including a $30 million Investment and Innovation Fund to support new business ventures in the region and create high-skilled manufacturing jobs.The Commonwealth will contribute $20 million towards the fund, which will also comprise $5 million from BlueScope and $5 million from the NSW Government.Around $100 million under the Federal Government's existing Steel Transformation Plan (STP) will also be brought forward so BlueScope can access it immediately.