New £150m funding package to protect jobs at Grangemouth

UK government and Ineos invest £150m in Grangemouth industrial complex to save jobs. This funding package aims to protect 500 jobs at the UK's last ethylene plant, securing the future of British manufacturing. The investment demonstrates a commitment to low-carbon manufacturing and aims to combat rising energy costs affecting the petrochemical industry. The move is part of a transition to a green energy hub and follows recent closures in the sector, highlighting the importance of supporting industrial capacity and job security for workers in Scotland.