Keir Starmer Announces £200m Investment for Grangemouth Transition

The funding aims to attract private investment and support a sustainable industrial future as Scotland's last oil refinery prepares to close.

The £200m from the UK National Wealth Fund is intended to attract up to £600m in private investment for Grangemouth's redevelopment.
Grangemouth oil refinery is set to close by mid-2025, with over 400 workers facing redundancy and significant supply chain impacts.
Trade unions have urged further investment and proposed converting the site to produce sustainable aviation fuel to secure jobs.
Scottish and UK governments have been criticized for acting too late, though both have pledged additional support for the region.
Every worker made redundant will receive 18 months of full pay, training opportunities, and incentives for businesses hiring displaced employees.