UK Commits £200m to Revitalize Grangemouth Refinery Site Facing Closure

Prime Minister Keir Starmer announces funding to attract private investment and support new industries as 400 jobs are at risk.

The UK Government has pledged £200 million from the National Wealth Fund to support the Grangemouth refinery site in Scotland, which is set to close in mid-2025.
The funding aims to secure additional private investments of up to £600 million and transition the site to host industries like biofuels, hydrogen energy, and bioengineering.
The refinery's closure threatens over 400 direct jobs and thousands more in the supply chain, with redundancy notices already issued to many workers.
Trade unions and the Scottish Government have called for further investment and immediate action to preserve jobs and explore sustainable technologies like green aviation fuel.
Labour's handling of the crisis has become a political challenge, with the party's polling in Scotland significantly declining ahead of next year's Holyrood elections.