Wed, 17 Dec 2025

Wed, 17 Dec 2025 New £150m funding package to protect jobs at Grangemouth

The UK government and owners Ineos say the funding will support 500 jobs at the site's ethylene plant.

* The UK government will invest £120m in a support package for the Grangemouth industrial complex, with Ineos contributing £30m.
* The site, which employs around 500 people in plastics production, has been saved by the deal, according to the government.
* Prime Minister Sir Keir Starmer said the investment will provide new opportunities and security for workers at the site.
* The Grangemouth plant uses shale gas from the US to produce ethylene, a key ingredient in plastics used in various industries.
* Ineos chairman Sir Jim Ratcliffe warned earlier this year that the chemical industry was coming to an end in Britain due to high energy costs and carbon taxes.
* The investment package will help protect 500 high-value jobs and secure supply chains at the site.
* The UK government has been scrambling to reduce the impact of recent job losses in the sector, with concerns over rising energy costs causing problems for the chemicals industry across Europe.
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