British BulletinBritish Bulletin
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Lifestyle
  • Health
  • Sports
  • Tech & Science
  • Travel
  • Spotlight
  • More
    • Press Release
What's On

Spaghetti House shuts down after 70-year-old family business falls into administration

14 May 2026

Paul McCartney lets rip against modern-day celebrities as The Beatles icon hits out against lack of ‘talent’

14 May 2026

Rachel Reeves prepares fresh price hikes on cars currently available from just £75

14 May 2026

Andrew Gilding claims first ProTour title on 442nd attempt at Players Championship 16

14 May 2026

Plans to reopen disused British airport back on track after funding row resolved

14 May 2026
Facebook X (Twitter) Instagram
Web Stories
Facebook X (Twitter) Instagram
British Bulletin
Subscribe
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Lifestyle
  • Health
  • Sports
  • Tech & Science
  • Travel
  • Spotlight
  • More
    • Press Release
British BulletinBritish Bulletin
Home » UK government to announce Grangemouth funding in Budget | UK News
News

UK government to announce Grangemouth funding in Budget | UK News

By britishbulletin.com24 November 20252 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Chancellor Rachel Reeves is set to announce up to £14.5m in investment for Grangemouth in the Budget.

Scotland’s only oil refinery stopped processing crude oil at Grangemouth in April, after a century of operations.

The UK government has been accused of failing to deliver £200m pledged to Grangemouth from the National Wealth Fund.

The money will go towards the site’s transition into a clean energy hub.

A Treasury source said: “We said we would stand squarely behind communities like Grangemouth, and we meant it.

“And we’re building on what we have done already by putting millions in as a starter to help put the community on a firm footing and strengthening its places as part of the clean energy revolution.

“These investments will help deliver a fair transition for Grangemouth, securing jobs for local people way into the future.”

Petroineos announced the refinery at the central Scotland facility would close and transition to become an import terminal after reporting massive losses.

Redundancy letters were sent out to staff at the refinery at the beginning of this year, with just 65 of 500 jobs expected to be retained.

Approximately 2,000 people were directly employed at the site – 500 at the refinery, 450 on the Forties pipeline from the North Sea and a further 1,000 in the Ineos petrochemicals business.

A £1.5m report into the feasibility of Grangemouth becoming a low-carbon energy hub, known as Project Willow came up with nine ideas that could be developed with private sector investment.

This included alternative uses for the site such as hydrothermal plastics recycling and anaerobic digestion.

The prime minister pledged £200m to the site at the Scottish Labour conference telling delegates it was an “investment in Scotland’s industrial future”.

In August, Unite the union said the money hadn’t been delivered and workers felt abandoned.

Last November, the Scottish and UK government also signed the Falkirk and Grangemouth growth deal which promised £100m for the area through measures like a skills transition centre to get locals into work.

The UK government said work on delivering the investment continues, and this newly announced money is on top of the funds already promised.

First Minister John Swinney also announced £25m of new funding in a statement to Holyrood in February.

This latest Grangemouth commitment builds on investments in Scotland’s clean energy industries, including £17.3 million of the Aberdeen Energy Transition Zone and headquartering GB Energy in Aberdeen.

More details will be announced in the Budget on Wednesday.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

Plans to reopen disused British airport back on track after funding row resolved

Residents left baffled after privacy fence built just inches from living room window

Potential leadership challengers jostle for positions | UK News

Britons returning from holidays abroad left devastated after car park with dozens of vehicles flooded after ‘localised water issue’

UK economy grew faster than expected in March | UK News

Louie Barry: From Barcelona to Stockport at Wembley via nine loans | Manchester News

Drivers face hours-long delays after serious crash and fuel spill shuts busy motorway

Celtic v Hearts: Penalty pandemonium sets up showdown for the ages | UK News

Hampstead Heath spends £1m on ‘privacy’ upgrades after letting trans swimmers in women’s pond

Editors Picks

Paul McCartney lets rip against modern-day celebrities as The Beatles icon hits out against lack of ‘talent’

14 May 2026

Rachel Reeves prepares fresh price hikes on cars currently available from just £75

14 May 2026

Andrew Gilding claims first ProTour title on 442nd attempt at Players Championship 16

14 May 2026

Plans to reopen disused British airport back on track after funding row resolved

14 May 2026

Subscribe to News

Get the latest Brittan News and Updates directly to your inbox.

Latest News

Boris Johnson’s father warns of ‘ruthless assassinations’ amid Labour leadership crisis: ‘Put country first!’

14 May 2026

Premium Bonds update from NS&I as 22 million Britons to benefit from prize fund rate boost

14 May 2026

Coronation Street’s Bill Roache, 94, shares one plot from ITV soap he refused: ‘Took it personally’

14 May 2026
Facebook X (Twitter) Pinterest TikTok Instagram
© 2026 British Bulletin. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.