PM announced £ 200m Granjimouth Site Support Fund

Sir Kir Stmper has announced another £ 200M investment in the Granjmoth site.

The Prime Minister called the announcement “investment in the industrial future of Scotland” when he addressed the Scottish Labor Conference in Glasgow. The money will go towards creating a new industrial objective for the site.

Petroinose -owned oil refinery, ready to shut down in summer with loss of more than 400 jobs.

The first minister of Scotland, John Swine, announced a new funding of £ 25M in a statement last week to Holiroad and called the UK government to invest more in the site.

Petroinos announced that the refinery would be closed in the facility of Central Scotland and after reporting large -scale damage last year, there would be an infection to become an import terminal.

Earlier this month, excess letters were sent to employees in the refinery, which was expected to maintain only 65 out of 500 jobs.

About 2,000 people are employed directly on the site – 500 in the refinery, 450 on the forty -forty -year pipeline from the North Sea and 1,000 ahead of the Ineos petrochemicals business.

A £ 1.5M report in Granjmouth’s viability is a low-carbon energy hub, known as Project Willow, is due to being published by the end of the month.

Addressing the party’s Scottish conference, Sir Kir said that oil and gas would be part of the future of Scotland for decades to protect the country’s energy security.

But he said that Britain was to be at the forefront of clean energy and the Granjmoth site presented “a big opportunity for renewal”.

He said that the site may have a future in bio -engineering, biofuels or hydrogen energy.

He said in the conference: “We will understand the opportunities in Grangemouth, work along with the partner to develop viable proposals, form teams with business to get new industries out of the ground.

“And to draw private investors into the partnership that we need, we will allocate £ 200 meters from the National Wealth Fund, for investment in Granjmoth, Scotland’s industrial future investment.

“The difference that a labor can form a government.”

The PM said that the working people were to be preserved, and that every worker would be made meaningless.

He said that £ 10M skills and training supported by the UK government would be offered and any business will get national insurance relief within the Granjmouth Freeport sector taking refinery workers.

Sir Kir said that there was already a deal of £ 100 meter for sector supported by both Scottish and UK governments.

Scottish labor leader Anas Sarwar told BBC Sunday show The investment will pave the way for the “clean and safe energy future”.

Sarwar first accepted On efforts “there was no adequate progress” To support workers.

However, he said that his party was “firm to give an infection”.

He said: “We were SNP government promises ‘Saudi Arabia of Renewables’We were promised an infection by a previous Tory government that was going to be fair.

“But it has not felt appropriate when you saw what is happening in Granjmoth and it is a demonstration that it is a UK’s Labor Government and also a Scottish Labor Government, after 2026, after 2026, a real just to give a real infection. Will be firm. “

He said: “This means that thousands of more jobs, investment of billions of pounds and clean energy future, and security that our country needs.”

The investment of £ 200M will come from the National Wealth Fund.

This fund is publicly owned and supported by the Treasury, and invests with the private sector in projects in the UK – mainly focuses on the initiative supporting clean energy.

The UK government said that its objective was to direct the “tens of billions of pounds” of private investment to decarboize the British economy.

According to the UK government documents, an initial £ 5.8BN injection was imposed for green projects including “carbon capture, green hydrogen, ports, gigafctories and green steel”.

On Tuesday, the first minister of Scotland said that his government would be £ 25M to set up a “Just Transition” fund for Granjmouth.

This money will intensify any proposal coming from the project Willow, which is examining other industries that may be present on the site such as plastic recycling, hydrogen production and durable aviation fuel.

John Swine said that the additional £ 25 meter Scottish would take the government’s total investment to £ 87m for the site.

He urged the Government of UK to match at least Scottish government’s Just infection fund.

The first minister said on Tuesday: “We have to give a fair amount to the UK government at least one and to avoid significant economic disruption in Central Scotland and to protect and promote the future interests of Scotland and Grangemouth Need to be given.

“In short, we need this labor government to ask to do so before the election.”

The BBC Scotland News has contacted the Scottish government to comment on the £ 200M funding announcement.

The Union is the only union representing workers at the Unite plant.

It has led a campaign for the refinery that has been converted into a production hub for Sustainable Aviation Fuel (SAF).

The Sangh said that the money was “step in the right direction”, but warned that “Satan will be in expansion”.

General Secretary Sharon Graham said the deal was “Welcome News”, but insisted that it was the beginning of achieving convenience only for future generations.

He said: “It should not start in completing a real workers’ infection for Granjmouth.

“It is necessary that all stakeholders come together to apply meat to bones and it matters to jobs and our safety. Clear time -limits will be important and will also have details of jobs.”

Scottish Trades Union Congress (STUC) General Secretary Rose Foire said that it should be “priority”, securing the jobs and futures of the workforce.

He said: “This announcement cannot be dismissed lightly. However, this funding will have only one transformative effect if used correctly and also with further investment from both governments.”